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As part of the closing of the business combination, the combined company was renamed “FaZe Holdings Inc.” (“FaZe” or the “Company”). FaZe common stock and warrants begin trading today, Wednesday, July 20, 2022 , on the NASDAQ under the new symbols “FAZE” and “FAZEW”, respectively. To celebrate FaZe’s public listing, brand founders, members of the leadership team, and the organization’s roster of talent, including content creators and esports pros, will ring the bell. opening at Nasdaq MarketSite at the New York one Times Square today at 9:30 a.m. ET ; the ceremony will be broadcast live HERE.

Voice of Youth Culture

Built by and for Gen Z and Millennials, FaZe Clan is a leader in youth culture and gaming entertainment. FaZe Clan has established a highly engaged and growing fan base of approximately 500 million across its combined social platforms that rival major established sports leagues.

FaZe Clan has a diverse and strong network of talent and influencers, including global celebrities, esports athletes, and content creators. FaZe Clan’s 11 competitive esports teams have won 35 championships worldwide. The company produces premium content, merchandise and consumer products and creates advertising and sponsorship programs for major national brands. With approximately 80% of its audience between the ages of 13 and 34, FaZe Clan has forged key relationships with a coveted demographic that has long proven difficult to reach for traditional media companies and advertisers.

FaZe Clan was founded by a group of teenagers who met online while playing Xbox and eventually turned their passion for video games into lifelong careers, not only creating a life out of something that hadn’t never been done before, but creating a global brand. The founders and key members in the growth of the brand since the beginning are FaZe Temperrr, FaZe Banks, FaZe Apex, FaZe Rain, FaZe CBass, FaZe Rug, FaZe Adapt, FaZe Teeqo, FaZe Blaze and FaZe Jev.

Management team and board of directors

FaZe Holdings Inc. is led by a distinguished management team and Board of Directors. Lee Trink CEO, assumed his current role in 2018 after joining the company as an advisor in 2016. Former President of Capitol Records with over 20 years of media and entertainment experience with artists like Kid Rock, Katy Perry , Lenny Kravitz and the Rolling Stones. Zach Katz president and chief operating officer, joined in 2022 after a long career spanning more than 20 years in the music industry, including chairman of BMG US, co-founder and CEO of the record label and publishing company musical Beluga Heights (a partnership with Sony Music, Warner Music & Universal Music). Zach began his career as a lawyer and music manager. Tammy Brandt General Counsel, joined FaZe in 2021 after serving as General Counsel at Dreamscape Immersive with an extensive prior career in corporate advisory, corporate securities, governance, finance, treasury, tax, executive compensation, emerging company issues and mergers and acquisitions transactions. Kai Henry Chief Strategy Officer, joined FaZe in 2020 with prior experience managing superstar artists, including Snoop Dogg, as well as developing and growing multiple businesses, including YouTube lifestyle platform SKEE TV, contemporary streetwear line En Noir Clothing and Sol Republic Headphones.

The board of directors includes: Andre Fernandez CFO of WeWork; Angela Dalton Founder and CEO of Signum Growth Capital; Bruce Gordon partner and member of the management committee of The ExCo Group and Senior Media Advisor of AlixPartners; Calvin “Snoop Dogg” Cordozar Broadus Jr. an American rapper, singer, songwriter, actor, record producer, DJ, media personality and entrepreneur; Daniel Shribman chief investment officer of B. Riley Financial; Mickie Rosen who has experience on the board of directors of the Banque de queensland Ascendent Digital Acquisition Corp. I and Fabletics; Nick Levin Chairman of the Board of Establishment Labs and General Partner of Crown Predator Holdings; Paul Hamilton , co-owner and CEO of Atlanta Esports Ventures, which operates Atlanta FaZe in the Call of Duty League and Atlanta Reign in the Overwatch League; and Ross Levinsohn Chairman and CEO of Arena Group and former CEO of Guggenheim Digital Media and Yahoo.

Management commentary

Lee Trink, CEO of FaZe, said, “This is a milestone for gaming culture and Gen Z, as FaZe Clan becomes the first native Gen Z brand to go public. It gives us access to capital and a global profile to enable our long term growth goals, and for the first time gives our fans the opportunity to own a piece of our future. As this generation rises to economic power and influence, FaZe will continue to use its voice to pioneer and innovate at the intersection of technology, entertainment and culture. We thank our partners at B. Riley and look forward to engaging with our shareholders. FaZe Up!”

Dan Shribman Chief Investment Officer of B. Riley Financial, said “With an unparalleled level of engagement with Gen Z, FaZe represents an excellent opportunity to invest in the future of native digital entertainment. Establishing a presence on public markets offers FaZe the opportunity to significantly expand its global presence across content, games, entertainment, consumer products and Web 3. We look forward to continuing our partnership as FaZe paves the way for the future of the game and youth culture.

Advisors

B. Riley Securities, Inc. acted as capital markets advisor to BRPM and as sole placement agent on the PIPE. Mr. Klein and Company and Evolution Media Capital served as financial advisors to FaZe Clan.

Skadden, Arps, State, Meagher & Flom LLP is acting as legal counsel to FaZe Clan. White & Case acted as legal counsel to BRPM. Will McDermott & Emery acted as legal counsel to placement agent PIPE.

About FaZe Clan

FaZe Clan is a native digital media and lifestyle platform rooted in gaming and youth culture, reimagining traditional entertainment for the next generation. Founded in 2010 by a group of internet kids, FaZe Clan was created for and by Gen Z and Millennials, and today operates across multiple verticals with transformative content, leading brand partnerships, a collective of notable talents, and the fashion and consumption of the products. Reaching over 500 million subscribers on social platforms worldwide, FaZe Clan offers a wide variety of entertainment spanning vlogs, lifestyle and brand content, gaming highlights and live streams. highly competitive gaming tournaments. FaZe Clan’s roster of 100+ influencers consists of engaging content creators, esports pros, world-class gamers, and a mix of talent that goes beyond the world of gaming, including NFL star Kyler “FaZe K1” Murray, Lebron “FaZe Bronny” James Jr., Lil Yachty aka “FaZe Boat” and Snoop Dogg aka “FaZe Snoop”. Its games division includes 11 competitive esports teams that have won 35 world championships. For more information, visit www.fazeclan.com , investor.fazeclan.com and follow FaZe Clan on Twitter , instagram , Youtube , ICT Tac and Tic .

Forward-looking statements

The information in this communication includes “forward-looking statements” pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of current or historical fact included in this communication, regarding the business combination as well as the company’s strategy, future operations and financial performance, prospects for market opportunities, plans and objectives of management are forward-looking statements. These forward-looking statements are generally identified by the words “budget”, “could”, “forecast”, “future”, “could”, “outlook”, “plan”, “possible”, “potential”, “predict”, “” project”, “seem”, “seek”, “strive”, “should”, “should”, “may”, “believe”, “intend”, “expect”, “will “, “planned”, “continue”, “increase” and/or similar expressions that relate to strategy, plans or intentions, but the absence of these words does not mean that a statement is not forward-looking. statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available.

These forward-looking statements are based on various assumptions, whether or not identified herein, and management’s current expectations and are not predictions of actual performance. Because forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions, whether or not identified in this communication, they are subject to uncertainties, inherent risks and changes in circumstances that are difficult to predict. Many factors could cause actual results and conditions (financial or otherwise) to differ materially from those indicated in the forward-looking statements, including, but not limited to, the risks and uncertainties set forth in the proxy statement. proxies/prospectuses relating to the business combination. These forward-looking statements are provided for informational purposes only and are not intended to serve as, and should not be relied upon by, any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the Company’s control. Forward-looking statements speak only as of the date they are made. Although FaZe Holdings Inc. may choose to update these forward-looking statements at some time in the future, FaZe Holdings Inc. specifically disclaims any obligation to do so. These forward-looking statements should not be taken to represent the assessments of FaZe Holdings Inc. or BRPM as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed on forward-looking statements.

contacts:

For the FaZe Clan
Investors: Ellipsis, [email protected]
Media: North Chelsey [email protected]

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

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