The Ntwrk and Cox Enterprises-backed lifestyle and media platform developer is joining forces with B Riley Principal 150 Merger Corp at an approximate valuation of $1bn.
Faze Clan, a US-headquartered online media and lifestyle platform developer that counts video shopping platform developer Ntwrk as an investor, agreed on Monday to a reverse takeover on Monday.
The company is set to merge with B Riley Principal 150 Merger Corp, a special purpose acquisition company that floated on the Nasdaq Capital Market in February this year in a $150m initial public offering.
The deal will be supported by $118m private investment in public equity financing from undisclosed…
