BRPM Stock : B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM, BRPMW, BRPMU) , an acquisition company for special purposes which is managed by an affiliate company owned by B. Riley Financial, Inc. (Nasdaq:”RILY) (“B. Riley Financial”) Today, the company declared that the stockholders of B. Riley Financial have voted in favor of the proposed business merger (the “Business Combination”) with FaZe Clan Inc. (“FaZe Clan”) is a media and lifestyle platform that is founded on youth culture and gaming.
The business merger is expected to be completed on the 19th of July, 2022, subject the satisfaction of all closing requirements. Following the conclusion of the business merger that day, the Company will be rebranded as FaZe Holdings Inc. and its common stock shares and warrants are scheduled to start trading on the 20th of July 2022, in Nasdaq under the brand new ticker symbol “FAZE” or “FAZEW” and “FAZEW.
The official outcomes of this vote are reported in the Current Report on Form 8-K to be filed by BRPM with the Securities and Exchange Commission.
About BRPM
BRPM is a special-purpose acquisition company that was established to effect the merger or capital stock exchange acquisition of assets, stock purchase and reorganization, or similar merger with one or more companies. BRPM started trading on NASDAQ in February 19th, 2021 after the initial offering to public. Shares of its the Class A Common Stock, units , and warrants trade under ticker symbols BRPM, BRPMU and BRPMW as well as BRPMW. BRPM is owned through an associate that is part of B. Riley Financial, Inc. (Nasdaq: RLY).
B. Riley Principal 150 Merger Returns against. S&P
| 1 YEAR | 5 YEARS | 5 YEAR Annualized | SINCE IPO | |
|---|---|---|---|---|
| BRPM | +35.85% | +36% | ||
| S&P | -6.88% | +49.30% | +8.34% | -2% |
Assets
QuarterlyAn Annual
| Q1 2022 | YOY MODIFY | |
|---|---|---|
| Net Cash | $0.09M | -75.9% |
| Accounts Receivable | – | – |
| Inventory | 0 | – |
Liability
QARTERLYAnnual
| Q1 2022 | YOY Change | |
|---|---|---|
| Long Term Debt | $0.00M | – |
| Short Term Debt | $0.00M | – |
Ratios
QARTERLYAn Annual
| Q1 2022 | YOY Change | |
|---|---|---|
| Return On Assets | -2.3% | – |
| Return On Invested Capital | -5.2% | – |
Cash Flow
QARTERLYAnnual
| Q1 2022 | YOY Change | |
|---|---|---|
| Free Cash Flow | $0.04M | – |
| Operating Free Cash Flow | $0.04M | – |
Valuation
QuarterlyAnnual
| Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | |
|---|---|---|---|---|
| Price to Earnings | – | – | – | – |
| Price to Book | 1.25 | 1.26 | 1.33 | 1.35 |
| Price to Sales | – | – | – | – |
| Price to Tangible Book Value | 1.25 | 1.26 | 1.33 | 1.35 |
| Price to Free Cash Flow TTM | – | – | – | – |
| Enterprise Value to EBITDA | -616.79 | -182.55 | -127.95 | -231.52 |
| Free Cash Flow Yield | – | – | – | – |
| Return on Equity | – | – | – | -2.4% |
| Total Debt | $0.00M | $0.00M | $0.00M | $0.00M |
