GameSquare Completes Sale of Complexity Gaming [Yahoo! Finance]
FaZe Holdings Inc. (FAZE)
Company Research
Source: Yahoo! Finance
it has received TSXV approval to complete the previously announced sale of NextGen Tech, LLC d/b/a Complexity Gaming ("Complexity") to Global Esports Properties, LLC ("Global Esports") for total consideration of US$10.36 million. Additional details of the transaction can be found in a press release that was issued on March 1, 2024. "We are excited to complete the US$10.36 million sale of Complexity that follows the December 2023 sale of our Frankly radio business assets for US$3.40 million. Combined we have unlocked US$13.76 million of value for our shareholders, which we intend to strategically redeploy in our business and support the FaZe Holdings acquisition. In fact, FaZe had a market capitalization of US$14.00 million on October 19, 2023, the day before we announced the acquisition. Increasing our scale, enhancing our capabilities, and optimizing our assets are important near-term strategies as we focus on creating sustainable value for our shareholders," noted Justin Kenna, CE
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FAZE
News
- GameSquare Announces Completion of Faze Clan Acquisition [Yahoo! Finance]Yahoo! Finance
- GameSquare Announces Sale of Complexity Gaming to Jason Lake and Global Esports Properties for US$10.36 Million [Yahoo! Finance]Yahoo! Finance
- FaZe Clan Receives Stockholder Approval for Merger with GameSquareAccesswire
- FaZe Clan and GHOST(R) Unveil "FAZE UP(TM)" - A New and Improved Lemon-Lime Soda Flavor [Yahoo! Finance]Yahoo! Finance
- FaZe Clan and GHOST(R) Unveil "FAZE UP(TM)" - A New and Improved Lemon-Lime Soda FlavorAccesswire
FAZE
Sec Filings
- 3/8/24 - Form 25-NSE
- 2/26/24 - Form 4
- 2/26/24 - Form 4
- FAZE's page on the SEC website