Waldencast Acquisition Corp. (WALDU) Prices Upsized $300M IPO


Waldencast Acquisition Corp. (WALDU) Prices Upsized $300M IPO

Waldencast Acquisition Corp. announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “WALDU,” Tuesday, March 16.

The new company aims to combine with a beauty, personal care or wellness target that can benefit from from its management team’s experienced. Waldencast is led by CEO Michel Brousset, Executive Chairman Felipe Dutra and COO Hind Sebti.

Total SPAC deal count for 2021 year-to-date is now 257. This offering is expected to close on Thursday, March 18.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are serving as the joint book-running managers for this offering. Skadden, Arps, Slate, Meagher & Flom LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.