What's Going On With FaZe Holdings Stock Today?

FaZe Holdings Inc FAZE shares are trading higher Monday. New reports suggest the company is evaluating a pair of acquisition offers. 

What To Know: According to a Sports Business Journal report, esports and gaming content group FaZe Clan has received takeover offers from Gamesquare and Enthusiast Gaming. 

Any potential deals would reportedly include some sort of an equity swap, as well as a possible cash infusion. Discussions between parties are ongoing.

FaZe Holdings made its public debut via SPAC a year ago. The stock rocketed higher after a large number of investors opted to redeem shares during the merger process. Following the initial surge, the stock has steadily trended lower. 

FaZe shares fell below the $1 threshold requirement for continued Nasdaq listing earlier this year. FaZe has until Sept. 19 to regain compliance and avoid delisting.

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FAZE Price Action: FaZe shares were up 7.77% at 42 cents at the time of publication, according to Benzinga Pro.

Photo: Timur Kozmenko from Pixabay.