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9 Nov

Why Milk Makeup Parent Company Faces Nasdaq Delisting –

by Beautifaire101
Beauty, Featured
Why Milk Makeup Parent Company Faces Nasdaq Delisting –
When Waldencast went public in 2021, its founders shrugged off mounting fears that a recession was on the horizon, stressing that they were confident that the corporate would turn into a world best-in-class beauty and wellness player. What they perhaps didn’t bear in mind was how much of a stickler Nasdaq execs are about filing company reports on time. Earlier this week, Waldencast, which has just two brands on its roster — Milk Makeup and Obagi Skincare — revealed that it was at risk of being delisted from the Nasdaq, after joining in summer 2022 through a special purpose acquisition company (also known as a SPAC). The corporate received a written notice from Nasdaq indicating that it was subject to delisting resulting from...
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7 Nov

Milk Makeup Owner Waldencast at Risk of Nasdaq Delisting

by Beautifaire101
Beauty, Featured
Milk Makeup Owner Waldencast at Risk of Nasdaq Delisting
Milk Makeup owner Waldencast is prone to losing its listing status. The corporate, which went public in July 2022, just revealed that it has received a written notice from Nasdaq indicating that it was subject to delisting on account of its noncompliance of “timely filing of periodic reports with the Securities and Exchange Commission.” Waldencast plans to request a hearing with Nasdaq over the matter. Such requests will stay any suspension or delisting motion for 22 days from the date of the Nasdaq notification, which got here on Oct. 31. The corporate can even request that the stay remain in effect through the hearing and the expiration of any additional extension period granted by the panel following the hearing.  It added that it's...
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