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Why FaZe Holdings Stock Got Hammered Today

Why FaZe Holdings Stock Got Hammered Today

Shares of esports company FaZe Holdings (NASDAQ: FAZE) got hammered on Thursday after it filed an amended registration document with the Securities and Exchange Commission (SEC). In August, FaZe filed an S-1 -- the document all companies file when going public -- in relation to its merger with a special purpose acquisition company (SPAC). Today, FaZe filed an amended S-1 with the SEC, its fourth amendment this month.