B. Riley Principal 150 Merger Corp. Proclaims Stockholder Approval of Enterprise Mixture with FaZe Clan Inc.

Enterprise Mixture Anticipated to Shut July 19, 2022

NEW YORK, July 15, 2022 /PRNewswire/ — B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM, BRPMW, BRPMU) (“BRPM” or the “Firm”), a particular objective acquisition firm sponsored by an affiliate of B. Riley Monetary, Inc. (Nasdaq: RILY) (“B. Riley Monetary”), at the moment introduced that its stockholders have authorised the Firm’s proposed enterprise mixture (the “Enterprise Mixture”) with FaZe Clan Inc. (“FaZe Clan”), the life-style and media platform rooted in gaming and youth tradition.

The enterprise mixture is predicted to shut on July 19, 2022, topic to the satisfaction of all closing situations. Upon the closing of the enterprise mixture, the Firm will probably be renamed FaZe Holdings Inc. and its shares of frequent inventory and warrants are anticipated to start buying and selling on July 20, 2022 on Nasdaq below the brand new ticker symbols “FAZE” and “FAZEW”, respectively.

The formal outcomes of the vote will probably be included in a Present Report on Kind 8-Ok to be filed by BRPM with the Securities and Change Fee.

About FaZe Clan

FaZe Clan is a digital-native life-style and media platform rooted in gaming and youth tradition, reimagining conventional leisure for the following era. Based in 2010 by a gaggle of youngsters on the web, FaZe Clan was created for and by Gen Z and Millennials, and at the moment operates throughout a number of verticals with transformative content material, tier-one model partnerships, a collective of notable expertise, and style and client merchandise. Reaching over 500 million followers throughout social platforms globally, FaZe Clan delivers all kinds of leisure spanning video blogs, life-style and branded content material, gaming highlights and reside streams of extremely aggressive gaming tournaments. FaZe Clan’s roster of greater than 85 influential personalities consists of partaking content material creators, esports professionals, world-class avid gamers and a mixture of expertise who transcend the world of gaming, together with NFL star Kyler “FaZe K1” Murray, Lebron “FaZe Bronny” James Jr., Lil Yachty aka “FaZe Boat” and Snoop Dogg aka “FaZe Snoop.” Its gaming division contains 11 aggressive esports groups who’ve gained over 30 world championships. For extra data, go to www.fazeclan.com, investor.fazeclan.com and observe FaZe Clan on Twitter, Instagram, YouTube, TikTok, and Twitch.

About BRPM

BRPM is a particular objective acquisition firm shaped for the aim of effecting a merger, capital inventory change, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. BRPM started buying and selling on the NASDAQ on February 19, 2021 following its preliminary public providing. Its shares of Class A typical inventory, items and warrants commerce below the ticker symbols BRPM, BRPMU and BRPMW, respectively. BRPM is sponsored by an affiliate of B. Riley Monetary, Inc. (Nasdaq: RILY).

Ahead Trying Statements

The data on this communication contains “forward-looking statements” pursuant to the “secure harbor” provisions of the US Non-public Securities Litigation Reform Act of 1995. All statements, apart from statements of current or historic reality included on this communication, concerning the proposed Enterprise Mixture, the power of the events to consummate the proposed Enterprise Mixture, the advantages and timing of the proposed Enterprise Mixture, in addition to the mixed firm’s technique, future operations and monetary efficiency, estimated monetary place, estimated revenues and losses, projections of market alternative and market share, projected prices, prospects, plans and aims of administration are forward-looking statements. These forward-looking statements usually are recognized by the phrases “funds,” “may,” “forecast,” “future,” “may,” “outlook,” “plan,” “attainable,” “potential,” “predict,” “mission,” “appear,” “search,” “attempt,” “would,” “ought to,” “might,” “imagine,” “intend,” “expects,” “will,” “projected,” “proceed,” “enhance,” and/or comparable expressions that concern BRPM’s or FaZe Clan’s technique, plans or intentions, however the absence of those phrases doesn’t imply {that a} assertion shouldn’t be forward-looking. Such statements are made pursuant to the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and are based mostly on the administration of BRPM’s and FaZe Clan’s perception or interpretation of data presently accessible.

These forward-looking statements are based mostly on varied assumptions, whether or not or not recognized herein, and on the present expectations of BRPM’s and FaZe Clan’s administration and should not predictions of precise efficiency. As a result of forward-looking statements are predictions, projections and different statements about future occasions which are based mostly on present expectations and assumptions, whether or not or not recognized on this communication, they’re topic to inherent uncertainties, dangers and adjustments in circumstances which are tough to foretell. Many elements may trigger precise outcomes and situation (monetary or in any other case) to vary materially from these indicated within the forward-looking statements, together with however not restricted to: (1) the incidence of any occasion, change or different circumstances that would give rise to the termination of negotiations and any subsequent definitive agreements with respect to the proposed Enterprise Mixture; (2) the end result of any authorized proceedings or different disputes that could be instituted in opposition to BRPM, FaZe Clan, the mixed firm or others; (3) the shortcoming to finish the proposed Enterprise Mixture because of the failure to acquire sure governmental and regulatory approvals or to fulfill different situations to closing; (4) adjustments to the proposed construction of the proposed Enterprise Mixture that could be required or applicable on account of relevant legal guidelines or laws, together with the danger that any regulatory approvals should not obtained, are delayed or are topic to unanticipated situations that would adversely have an effect on the mixed firm or the anticipated advantages of the proposed Enterprise Mixture; (5) the power to fulfill inventory change itemizing requirements following the consummation of the proposed Enterprise Mixture; (6) the danger that the proposed Enterprise Mixture disrupts present plans and operations of BRPM or FaZe Clan on account of the announcement and consummation of the proposed Enterprise Mixture; (7) the power to acknowledge the anticipated advantages of the proposed Enterprise Mixture, which can be affected by, amongst different issues, competitors, the power of the mixed firm to develop and handle progress profitably, keep relationships with clients and suppliers and retain its administration, key workers and abilities; (8) prices associated to the proposed Enterprise Mixture; (9) adjustments in relevant legal guidelines or laws, together with adjustments in home and overseas enterprise, market, monetary, political, and authorized situations; (10) the likelihood that BRPM, FaZe Clan or the mixed firm could also be adversely affected by different financial, enterprise, and/or aggressive elements; (11) the affect of COVID 19 on BRPM’s or FaZe Clan’s enterprise and/or the power of the events to finish the proposed Enterprise Mixture; (12) the shortcoming to finish the PIPE investments in reference to the proposed Enterprise Mixture; and (13) different dangers and uncertainties set forth within the Proxy Assertion/Prospectus referring to the proposed Enterprise Mixture. These forward-looking statements are offered for illustrative functions solely and should not supposed to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of reality or chance. Precise occasions and circumstances are tough or not possible to foretell and can differ from assumptions. Many precise occasions and circumstances are past the management of BRPM and FaZe Clan. Ahead-looking statements converse solely as of the date they’re made. Whereas FaZe Clan and BRPM might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, FaZe Clan and BRPM particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing FaZe Clan’s and BRPM’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

Contacts:
For FaZe Clan
Traders:
    Ellipsis: [email protected]
Media:
    Chelsey Northern: [email protected]

For BRPM
Traders:
    Dan Shribman: [email protected]
Media:
    Jo Anne McCusker: [email protected]

SOURCE B. Riley Principal 150 Merger Corp.