FaZe Comms

Official news and information directly from @FaZeClan's Communications Team #FaZeUp

[FaZe Comms @FaZeComms]

FaZe Clan and @rollbitcom Announce Multi-Million Dollar Esports Sponsorship Deal

📰 https://t.co/Ccn5D1xXHj

[FaZe Comms @FaZeComms]

we have no immediate plans to sell any of the new shares. However, as we’ve stated previously, we are looking closely at a variety of options to enhance our capital structure and the SEPA gives us additional flexibility in that regard should we need it.

[FaZe Comms @FaZeComms]

Today’s S-1 registration filed with the SEC pertains to the Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors, disclosed on May 15, 2023. The statement simply registers the shares that could be sold under the agreement;

[FaZe Comms @FaZeComms]

as discussed in our shareholder letters. In the last several months we have executed on material cost reductions to protect capital and we will continue to work toward putting FaZe in the best possible position to drive towards future profitability.

[FaZe Comms @FaZeComms]

We will be filing an 8-K later today regarding the approx. 40% workforce reduction. This plan shows the latest progress from our efforts to align our cost structure with our focused near-term priorities around brand sponsorship and esports growth,

[FaZe Comms @FaZeComms]

FaZe Holdings filed Q1 earnings today, reporting revenue of $12.6 million. For more information and full context, please read a letter to shareholders here:

📄 https://t.co/ROxZ7HdVRc

[FaZe Comms @FaZeComms]

... there are no immediate plans to tap it. That means there are no shares being sold under this announcement today. Also tbc, any shares that might be issued in the future would be issued by the company; this plan has nothing to do with individual current shareholders.

[FaZe Comms @FaZeComms]

Today’s 8K is a required disclosure about a structured plan that gives FaZe Holdings the option to issue new company shares as a way to raise additional capital. This plan gives the company flexibility and an efficient way to raise cash if necessary, but...

[FaZe Comms @FaZeComms]

Due to frequent misleading or inaccurate headlines from reporters covering FaZe Holdings SEC filings, we are going to use this account to explain and clarify the news (or lack of news) in our future required filings.

[FaZe Comms @FaZeComms]

FaZe Clan and Porsche announce multi-year partnership

📰 https://t.co/D99gjv0iQ3

[FaZe Comms @FaZeComms]

FaZe Clan Names Rana Kaplan General Manager, Appoints Five Execs Across Content, Talent and Web3 Divisions

📰 @Variety: https://t.co/IPuNpELIDr

[FaZe Comms @FaZeComms]

@FaZeClan @latimes @Deestroying @kaysan @FaZeAdapt @StableRonaldo Read the full story: https://t.co/kraa0xsWhh

[FaZe Clan @FaZeClan]

Hot off the press.

Our story told by the @latimes 📰

[FaZe Comms @FaZeComms]

An update on The Gig: Boston from FaZe Clan & @Xfinity

[METAGOONS™ @MetaGoons]

🚨 Chatting with CEOs of @FaZeClan @mythicalgames @SortiumStudio and more surprise guests @ 2pm ET tomorrow https://t.co/9dkWRV5K6v

Topics include:
- Billions of players touch NFTs in games and what will that look like?
- Apple TOS Change for NFTs
- Reddit NFT Craze

& more ❗️

[FaZe Comms @FaZeComms]

FaZe Clan welcomes @Xfinity as Official Internet and Mobile Provider

📰 https://t.co/rJyWn0uNQ9

[FaZe Comms @FaZeComms]

FaZe Clan and @RESPAWNProducts unleash limited edition gaming chairs

📰 https://t.co/5skxPmvpFu

[FaZe Comms @FaZeComms]

FaZe Rug signs with Excel Sports Management

📰 @boardroom: https://t.co/igpUzCMmLh

[FaZe Comms @FaZeComms]

FaZe Clan enters the metaverse in partnership with @TheSandboxGame to bring "FaZe World" to life

📰 https://t.co/dxGv35dNBo

[FaZe Comms @FaZeComms]

FaZe Clan announces partnership renewal with McDonald's USA

📰 https://t.co/cOY13tTBrA | $FAZE