Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: FaZe Clan goes public in $725 million SPAC
FaZe Clan goes public in $725 million SPAC, but Gen Z creator economy stock sinks in debut
Digital entertainment and esports brand FaZe Clan (NASDAQ:FAZE) began trading on the Nasdaq Wednesday after completing a SPAC merger with B. Riley Principal 150 Merger Corp. in a deal valued at $725 million, a big step for creator economy companies to be publicly traded.
The company began trading on the Nasdaq under the ticker FAZE. Shares sank in their debut on Wednesday, finishing their first day of trading down nearly 25%.