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Posted On: 10/26/2021 5:40:16 AM
Post# of 85944
Was doing some reading on this... interesting too!
WHAT’S A SPAC?
A SPAC is a special purpose acquisition company — basically, a pile of cash reserved for a merger that went through the initial public offering (IPO) process. The entire point of the SPAC is to find a private company to merge with. When that happens, the target company essentially goes public without some of the hassles of the traditional IPO process.
FaZe Clan will reach the equity market in the first quarter of 2022 through a deal with B.Riley Principal 150 Merger Corp., the New York-based SPAC said Monday in a statement.
The combined company is expected to have an implied equity valuation of about $1 billion, which includes nearly $275 million in cash on the entity's balance sheet. The stock will be listed on the Nasdaq.
This has a similar feel to HRI and UNVC in some ways. Great tip chiro and will be fun to watch or even invest in the massive industry nice and early!!! Need Unvc to come through first!!
WHAT’S A SPAC?
A SPAC is a special purpose acquisition company — basically, a pile of cash reserved for a merger that went through the initial public offering (IPO) process. The entire point of the SPAC is to find a private company to merge with. When that happens, the target company essentially goes public without some of the hassles of the traditional IPO process.
FaZe Clan will reach the equity market in the first quarter of 2022 through a deal with B.Riley Principal 150 Merger Corp., the New York-based SPAC said Monday in a statement.
The combined company is expected to have an implied equity valuation of about $1 billion, which includes nearly $275 million in cash on the entity's balance sheet. The stock will be listed on the Nasdaq.
This has a similar feel to HRI and UNVC in some ways. Great tip chiro and will be fun to watch or even invest in the massive industry nice and early!!! Need Unvc to come through first!!
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