Waldencast Tag

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...