FaZe Clan, the esports company that went public less than a year ago in a $1 billion move, is facing trouble as the Nasdaq threatens to drop it from trading if it doesn’t get its stock price above $1 in the next few months. It has been a downhill journey for the gaming content creator mega-brand since going public, with investor interest failing to materialize, initial shareholders wanting out, and the stock price plummeting to just under $1 in January.

FaZe Clan aims to monetize the fan bases of some of the biggest pro gamers, streamers, and YouTubers around, but it seems that investor confidence is lacking. Despite the company’s actual esports teams continuing to outperform the competition in many games, its content creator side is facing criticism from big names like Nordan “FaZe Rain” Shat who have accused the company of selling out and exploiting talent.

However, FaZe Clan has responded to the brewing backlash among fans and its own members with a promise to do better. The company has tweeted, “We know that for too long we haven’t been the FaZe we need to be, but we’re working hard towards fixing that.” It’s not yet clear what that fix might be, but finding enough money to take the company private again could be a big first step.

According to a report by Sports Business Journal, sources within the company are attempting to do just that. While it’s uncertain whether this plan will be successful, it could provide the company with the means to restructure and get back on track. Ultimately, it remains to be seen whether FaZe Clan can regain investor confidence and turn its fortunes around, but it’s clear that something needs to change for the company to survive in the competitive world of esports.

Despite these challenges, FaZe Clan’s esports teams have been able to maintain their competitive edge in the gaming world. In fact, the company’s Counter-Strike: Global Offensive players recently won the Intel Grand Slam $1 million bonus, proving that their gaming talent is still strong. However, the same cannot be said for the company’s stock price.

With the recent Notice of Delisting from Nasdaq, FaZe Clan has been given 180 days to bring its stock price back above $1 for at least 10 consecutive days. In response to this, FaZe Clan has stated that it intends to monitor the closing bid price of its common stock and may consider implementing available options to regain compliance. However, the company cannot guarantee that its efforts will be successful.

Furthermore, FaZe Clan has been facing criticism from its fans and members regarding the treatment of its content creators. Some big names such as Nordan “FaZe Rain” Shat have accused the company of selling out and exploiting its talent. This has led to a brewing backlash among fans, causing the company to issue a vague promise to do better.

In response to these challenges, some sources within the company are reportedly attempting to take FaZe Clan private again. This could potentially help the company regain control of its brand and improve its overall performance. However, it remains to be seen if this will happen and what other steps the company will take to address its current situation.

FaZe Clan’s Wall Street experiment has been a bumpy ride so far. While the company’s esports teams continue to dominate in the gaming world, its stock price has been struggling. With the Notice of Delisting from Nasdaq, the company now has 180 days to turn things around. Whether it will be successful in doing so remains to be seen, but the company’s promise to do better and the reported efforts to take FaZe Clan private again show that it is not giving up without a fight.