Faze Clan goes public in $725 million SPAC deal

Image: Faze Clan

One of the biggest gaming companies in the world has gone public through a merger. The value of the deal is $725 million, which is less than the original valuation of $1 billion. The ticker symbol for the stock is FAZE.

About 80% of the audience of the brand is between the ages of 13 and 34. It has 11 competitive teams in games like Counter-Strike: Global Offensive, and is associated with some big personalities, including streamers and content creators. You can purchase all sorts of gear adorned with the company's logo and a studio for original film and TV projects at the expansive merch shop.

Since it was founded, the company has faced some challenges. The company had been accused of financial exploitation by Tfue, who was at one point signed with Faze. The company cutTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkiaTrademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia,Trademarkia

In the future, Faze has its sights set on more than just gaming. The Washington Post reported that Lee Trink, the CEO of Faze, said that the company is looking at gambling, ghost kitchens, and fan clubs.