Waldencast Acquisition Corp. is a multi-brand beauty and personal care company formed by beauty investment firm Waldencast Ventures and former Anheuser-Busch executive Felipe Dutra has gone public with a $300 million IPO, which includes an additional investment of up to $333 million in forward purchase agreements.
WHO: Waldencast Acquisition is a blank check company formed by Waldencast Ventures and the former CFO of Anheuser-Busch InBev. The Company is incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While it may pursue an initial business combination target in any industry or geographic location, the Company intends to focus its search for a target business operating in the beauty, personal care and wellness sectors.
IN THEIR OWN WORDS: As stated in Waldencast Acquisition Corp.’s S-1 IPO registration, the newly incorporated blank check company’s vision is “to build a global best-in-class beauty and wellness operating platform that will rival current incumbents by creating, nurturing, and scaling the next generation of conscious, purpose-driven brands. We intend to seek brands with a direct connection to today’s evolving consumers whose goals include pursuing social responsibility, inclusiveness, sustainability and transparency.”
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