Waldencast plc - Class A

Waldencast plc (NASDAQ: WALD) is the parent company of Milk Makeup, a clean prestige beauty brand founded in 2016 from the creative community of Milk Studios in New York City. Following the July 2026 sale of the Obagi Medical skincare business to Bridgepoint, the company operates as a single-brand beauty company focused entirely on Milk Makeup. The brand is built on values of self-expression and inclusion under its 'Live Your Look' proposition, creating vegan, cruelty-free, clean formulas across makeup categories including its core Hydro and Sticks franchises. Milk Makeup products are distributed through milkmakeup.com and retail partners including Sephora, Ulta Beauty, and Amazon Premium Beauty in the U.S., as well as select international retailers. The company has announced plans to voluntarily delist from Nasdaq and deregister under the Exchange Act, with shares expected to trade on an over-the-counter market under the ticker 'MLKM,' and intends to rename itself Milk Makeup plc subject to shareholder approval. As of August 31, 2026, the company had 127,206,117 ordinary shares outstanding (119,371,780 Class A and 7,834,337 Class B). Updated Sep 28, 2026