GameSquare Holdings, Inc. entered into a definitive agreement to acquire FaZe Holdings Inc..
The transaction is subject to approval of the Merger Agreement by the stockholders of FaZe and GameSquare; the shares of GameSquare Common Stock issued as merger consideration shall have been approved for listing on the Nasdaq Capital Market; the registration statement filed by GameSquare in connection with the issuance shares of GameSquare Common Stock shall have be declared effective by the U.S. Securities and Exchange Commission; all required filings shall have been made and all required approvals obtained (or waiting periods expired or terminated) under any applicable antitrust law and regulatory approvals; and the absence of any law or order prohibiting consummation of the merger. The boards of directors of FaZe Clan and GameSquare have unanimously approved the transaction. Oak Hills Securities, Inc. served as GameSquare's exclusive financial advisor and Alan A. Lanis of Baker Hostetler LLP is its legal advisor. FaZe Clan's legal advisor is D. Thomas Triggs of Sullivan & Triggs, LLP. Current Capital Securities LLC rendered a fairness opinion to the Board of Directors of FaZe Clan in connection with the transaction.