Business
Obagi Skincare, Milk Makeup and Waldencast Close Business Combination; Combined Company to Begin Trading on Nasdaq
Obagi Skincare and Milk Makeup became part of the Waldencast portfolio, and the combined company will begin trading today on the Nasdaq under the ticker
About this update from Waldencast Plc
[{"type":"text","content":"Obagi Skincare and Milk Makeup became part of the Waldencast portfolio, and the combined company will begin trading today on the Nasdaq under the ticker symbol “WALD”Waldencast’s vision is to build a global best-in-class beauty and wellness operating platform by developing, acquiring, accelerating, and scaling the next generation of conscious, purpose-driven brandsWaldencast will be led by Founder and CEO Michel Brousset and Founder, Chief Growth Officer Hind Sebti; Obagi Skincare CEO Jaime Castle and Milk Makeup CEO Tim Coolican will continue to lead their respective brands. Felipe Dutra will serve as Executive Chairman of the Board of the Directors NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- Waldencast plc, (NASDAQ: WALD) (“Waldencast”), a global multi-brand beauty and wellness platform, today became a publicly listed company set to begin trading on the Nasdaq with its Class A common stock and public warrants listed under the ticker symbols “WALD” and “WALDW”, respectively. Waldencast Acquisition Corp. completed the previously announced merger with Obagi Global Holdings Limited (“Obagi Skincare”) and Milk Makeup LLC (“Milk Makeup”) on July 27, 2022. The combined company will now operate as Waldencast plc. Waldencast plc, Obagi Skincare, and Milk Makeup will be ringing the opening bell at the Nasdaq this morning, July 28th, to celebrate the company's public listing. A live stream of the event can be viewed by visiting: https://www.nasdaq.com/marketsite/bell-ringing-ceremony. Michel Brousset, CEO of Waldencast, said, “Today, Waldencast begins its journey as a global multi-brand beauty and wellness platform, empowering and supporting purpose-driven brands in their growth strategies, beginning with Obagi Skincare and Milk Makeup. This is an incredibly proud moment for all of us at Waldencast, Obagi Skincare and Milk Makeup, and I want to thank Hind, Jaime, and Tim, the Board of Directors of all three companies, our investors, and all of our colleagues and advisors for their hard work and commitment. I am inspired by, and share, their passion for what is truly a beautiful business and look forward to all that we will achieve together.” Jaime Castle, CEO of Obagi Skincare, added, “Obagi Skincare is an industry-leading brand in the physician dispensed space with the ambition to become the top professionally recommended skincare brand...