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FaZe Clan Stock at Risk of Being Kicked Off Nasdaq
Esports organization FaZe Clan is currently in danger of being removed from the Nasdaq stock exchange as they have received a deficiency notice. For those who are unaware, In 2021, FaZe Clan announced entering into a merger with a special purpose acquisition company (SPAC) called B. Riley Principal 150 Merger Corp. The agreement made FaZe Clan a publicly traded company with an equity value of approximately $1 billion. The company also received around $291 million from the deal to fund its expansion plans.
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