UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 18, 2022
Waldencast Acquisition Corp.
(Exact name of registrant as specified in its charter)
| Cayman Islands | | 001-40207 | | 98-1575727 |
(State or other jurisdiction
| | (Commission File Number) | | (I.R.S. Employer
|
| of incorporation) | | | | Identification No.) |
| 10 Bank Street, Suite 560 | | |
| White Plains, New York | | 10606 |
| (Address of principal executive offices) | | (Zip Code) |
(917) 546-6828
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | | Trading Symbol(s) | | Name of each exchange
on which registered |
| Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant | | WALDU | | The Nasdaq Stock Market LLC |
| Class A ordinary shares, par value $0.0001 per share | | WALD | | The Nasdaq Stock Market LLC |
| Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 | | WALDW | | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On April 18, 2022, Tassilo Festetics, Chief Financial and Technology Officer of Waldencast Acquisition Corp. (the “Company”) and the principal financial officer of the Company, notified the Company of his intention to resign from his current roles in order to allow him to dedicate more time to other interests. Mr. Festetics will continue to serve as the Company’s Chief Financial and Technology Officer and the principal financial officer through the closing of the Company’s initial business combination (the “Closing”) and for a transition period to his successor, which will be announced in due course.
Mr. Festetics’ decision to resign is not the result of any disagreement with the Company, the sponsor or their affiliates regarding their operations, policies, practices or otherwise.
On April 22, 2022, Hind Sebti was appointed as Chief Growth Officer of the Company, effective the Closing date. Ms. Sebti has served as the Company’s Chief Operating Officer since 2021 and will continue in this role in addition to serving as the Chief Growth Officer.
Biographical information for Ms. Sebti, required by Item 5.02(c) on Form 8-K, has previously been reported in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2022 (the “Annual Report”).
Ms. Sebti’s employment arrangements and compensation are described in the Annual Report. At this time, there are no changes expected to her employment arrangements or compensation in connection with the change to her position.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | Waldencast Acquisition Corp. |
| | | | |
| | By: | /s/ Michel Brousset |
| | | Name: | Michel Brousset |
| | | Title: | Chief Executive Officer |
Date: April 22, 2022 | | | |
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