B. Riley Financial Amends FaZe Holdings Stake Filing

TL;DR

B. Riley Financial updated its 13D filing for FaZe Holdings - check for changes in control/ownership.

AI Summary

B. Riley Financial, Inc. filed an amendment (Amendment No. 3) to its Schedule 13D on March 26, 2024, regarding its ownership in FaZe Holdings Inc. The filing indicates a change in the group members and potentially their holdings, though specific dollar amounts or percentage changes are not detailed in this excerpt. The filing is an update to previous submissions concerning B. Riley Financial's stake in FaZe Holdings.

Why It Matters

This filing updates the market on B. Riley Financial's evolving relationship and potential influence over FaZe Holdings, a company in the esports and entertainment sector.

Risk Assessment

Risk Level: medium — Changes in 13D filings can signal shifts in significant ownership or control, which may impact the target company's stock price and strategic direction.

Key Players & Entities

• B. Riley Financial, Inc. (company) — Filer of the Schedule 13D amendment
• FaZe Holdings Inc. (company) — Subject company of the Schedule 13D filing
• B. Riley Principal 150 Sponsor Co., LLC (company) — Group member of the filer
• B. Riley Principal Investments, LLC (company) — Group member of the filer
• Bryant R. Riley (person) — Group member of the filer

FAQ

Key Financial Figures

• $0.0001 — to the Class A common stock, par value $0.0001 per share (the “ Common Stock &rd
• $0.001 — ) each share of common stock, par value $0.001 per share, of Merger Sub that was issue

Filing Documents

• ea0202411-13da3briley_faze.htm (SC 13D/A) — 100KB
• 0001213900-24-026098.txt ( ) — 102KB

of the Schedule 13D are hereby amended to add the following

Item 4 of the Schedule 13D are hereby amended to add the following: As reported in GameSquare’s Form 8-K filed with the SEC on March 13, 2024, GameSquare Holdings, Inc. (“GameSquare”) consummated the previously announced merger (the “Closing”) of FaZe Holdings Inc. (“FaZe”) on March 7, 2024 (the “Closing Date”), pursuant to that certain Agreement and Plan of Merger, dated October 19, 2023 (as amended, the “Merger Agreement”), by and among GameSquare, FaZe and GameSquare Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of GameSquare (“Merger Sub”), as amended by that certain First Amendment to Agreement and Plan of Merger, dated December 19, 2023, by and among GameSquare, FaZe and Merger Sub (the “Amendment to Merger Agreement”). The consummation of the Merger involved (i) prior to the Closing, the continuance of GameSquare from the laws of the Province of British Columbia to the laws of the State of Delaware so as to become a Delaware corporation (the “Domestication”) and (ii) the merger of Merger Sub with and into FaZe, with FaZe continuing as the surviving corporation and wholly-owned subsidiary of GameSquare (the “Merger”), as well as the other transactions contemplated in the Merger Agreement. At the effective time of the Merger (the “Effective Time”): (i) each outstanding share of FaZe common stock, par value $0.0001 per share (the “FaZe Common Stock”) issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.13091 (the “Exchange Ratio”) of a fully paid non-assessable share of common stock, par value $0.0001 per share, of GameSquare (the “GAME Common Stock”) and, if applicable, cash in lieu of fraction shares of FaZe Common Stock, subject to applicable withholding, (ii) each share of common stock, par value $0.001 per share, of Me

, Sections (a) (b) and (e) of the Schedule 13D are hereby

Item 5, Sections (a) (b) and (e) of the Schedule 13D are hereby amended and restated as follows: The information contained on the cover pages to this Amendment is incorporated herein by reference. As of the Closing Date of the Merger, the Reporting persons no longer beneficially own more than five percent of the Common Stock of the Issuer. Except for the transactions described in Item 4 of this Amendment, the Reporting Persons have not engaged in any transaction during the past 60 days involving the Common Stock of the Issuer. To the best knowledge of the Reporting Persons, no one other than the Reporting Persons and their respective members, shareholders and affiliates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein as beneficially owned by the Reporting Persons. 6

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 26, 2024 B. RILEY FINANCIAL, INC. /s/ Bryant R. Riley Name: Bryant R. Riley Title: Co-Chief Executive Officer B. RILEY PRINCIPAL 150 SPONSOR CO., LLC By: B. RILEY PRINCIPAL INVESTMENTS, LLC, its Managing Member /s/ Kenneth Young Name: Kenneth Young Title: Chief Executive Officer B. RILEY PRINCIPAL INVESTMENTS, LLC /s/ Kenneth Young Name: Kenneth Young Title: Chief Executive Officer /s/ Bryant R. Riley Name: Bryant R. Riley 7 SCHEDULE A Executive Officers and Directors of B. Riley Financial, Inc. Name and Position Present Principal Occupation Bryant R. Riley Chairman of the Board of Directors and Co-Chief Executive Officer Chief Executive Officer of B. Riley Capital Management, LLC; Co-Executive Chairman of B. Riley Securities, Inc.; and Chairman of the Board of Directors and Co-Chief Executive Officer of B. Riley Financial, Inc. 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Thomas J. Kelleher Co-Chief Executive Officer and Director Co-Chief Executive Officer and Director of B. Riley Financial, Inc.; Co-Executive Chairman of B. Riley Securities, Inc.; and President of B. Riley Capital Management, LLC 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Phillip J. Ahn Chief Financial Officer and Chief Operating Officer Chief Financial Officer and Chief Operating Officer of B. Riley Financial, Inc. 30870 Russell Ranch Rd Suite 250 Westlake Village, CA 91362 United States Kenneth Young President President of B. Riley Financial, Inc.; and Chief Executive Officer of B. Riley Principal Investments, LLC 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Alan N. Forman Ex

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