FaZe Holdings Inc. announces shareholder approval for merger with GameSquare Holdings

FaZe Holdings Inc., commonly known as FaZe Clan, announced on February 22, 2024, that its shareholders have approved the proposed merger with GameSquare Holdings, Inc. The outcome of GameSquare's shareholder vote is scheduled for February 27, 2024. This anticipated merger is expected to close shortly thereafter, subject to customary closing conditions.

FaZe Clan is described as one of the most influential and notable gaming organizations in the world, founded in 2010. Its scope spans across multiple sectors, aiming to reimagine gaming, sports, culture, and entertainment. The company has partnered with renowned brands like Porsche, GHOST®, and McDonald's, in addition to fashion collaborations with Nike and Takashi Murakami, among others. It also stands out with its presence on social platforms, reaching over 500 million followers worldwide.

The mentioned forward-looking statements reveal expectations for the future, involving various assumptions and risks that could lead to materially different outcomes from expectations. The contemplated merger with GameSquare is no exception, encompassing risks related to business integration and achieving the anticipated benefits.