Obagi Skincare, Milk Makeup and Waldencast Acquisition Close Merger.
MANews-(C)2009-2022
US-based special purpose acquisition company Waldencast Acquisition Corp., (NASDAQ: WALD), skin care brand Obagi Global Holdings Ltd. and makeup and skin care brand Milk Makeup LLC have closed their business combination.
The combined company will now operate as Waldencast plc and is expected to begin trading on the NASDAQ under the symbol "WALD" starting on July 28, 2022.
Waldencast said its global operating company will enable brands, including Obagi Skincare and Milk Makeup, to benefit from the operational scale of a multi-brand platform with expertise in managing global beauty brands at scale, a balanced portfolio to mitigate category fluctuations with asset light efficiency and the market responsiveness and speed of entrepreneurial...
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