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Waldencast Acquisition Corp. (NASDAQ: WALDU) has successfully completed its upsized IPO of 34.5 million units at $10 each, including 4.5 million units from underwriters' over-allotment. The units began trading on March 16, 2021, and consist of one Class A ordinary share and a third of a redeemable warrant. The Company aims to merge or acquire businesses in the beauty, personal care, and wellness sectors. Additionally, it has secured forward purchase agreements worth up to $303 million to support future business combinations.
Waldencast Acquisition Corp. has priced its initial public offering of 30 million units at $10.00 per unit, set to trade on Nasdaq under the ticker symbol WALDU starting March 16, 2021. Each unit includes one Class A share and one-third of a redeemable warrant. The offering is expected to close on March 18, 2021. Furthermore, the company has secured forward purchase agreements with Waldencast Long-Term Capital and Beauty Ventures for an aggregate of up to $303 million in capital. These funds will support the company's focus on pursuing business combinations in the beauty and wellness sectors.