Waldencast plans to delist its Class A ordinary shares and warrants from Nasdaq, with October 2, 2026 expected to be the final trading day, and suspend SEC reporting after the exit. Investors face reduced Liquidity and public information, while the company plans an over-the-counter quote under MLKM.

Key Highlights

  • Waldencast’s redeemable warrants are exercisable for Class A ordinary shares at $11.50 per share.
  • The company expects to submit its Nasdaq removal notice around September 24, 2026.
  • Shareholders will be asked to approve renaming Waldencast Milk Makeup plc at an Extraordinary General Meeting.

Waldencast plc (NASDAQ: WALD) plans to remove its Class A ordinary shares and redeemable warrants from Nasdaq, with October 2, 2026 expected to be the final trading day. The board points to $18.5 million in central headquarters costs incurred in 2025 and expects a substantial portion to be eliminated after deregistration.

Nasdaq Exit Sets October Trading Deadline

Waldencast expects to submit the notice seeking removal of its Class A ordinary shares and warrants from Nasdaq around September 24, 2026. The delisting is expected to take effect around October 4, 2026, while a notice intended to suspend the company’s reporting obligations is planned for October 5, 2026. The Class A ordinary shares have a Par Value of $0.0001 per share. Each redeemable Warrant can be exercised for one Class A ordinary share at $11.50 per share. The board’s proposed name change to Milk Makeup plc requires Shareholder approval, but the Nasdaq delisting and deregistration are not dependent on that vote.

Milk Makeup Rebrand Targets Over-the-Counter Quotation

Following the Nasdaq exit, Waldencast intends to seek an over-the-counter Quotation for its Class A ordinary shares under the ticker MLKM and plans to publish annual audited financial statements there.