Waldencast plc Filed for Nasdaq Delisting
The company has initiated the process to remove its Class A Ordinary Shares and warrants from the Nasdaq exchange.
Updated on Sept. 24, 2026 in Public Companies
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Waldencast plc submitted a Form 25 to the SEC on September 24, 2026, marking the beginning of its move to delist from Nasdaq. The company also intends to file a Form 15 to terminate its SEC reporting obligations in early October.
Why it matters
The delisting and subsequent deregistration signal a major shift in the company's regulatory and public market status. This move will end the firm's requirement to file periodic reports with the SEC under the Exchange Act.
The company maintains a par value of $0.0001 per Class A Ordinary Share and an exercise price of $11.50 per warrant. The formal deregistration process under the Exchange Act will be completed 90 days following the initial filing.
The players
Waldencast plc
This is a beauty and wellness company that serves as the parent organization for Milk Studios.
Nasdaq
This is a global electronic marketplace and securities exchange based in New York City.
SEC
The Securities and Exchange Commission is the United States federal agency responsible for protecting investors and maintaining fair markets.
The details
Waldencast plc, parent company of Milk Studios, filed the Notification of Removal from Listing to exit the Nasdaq exchange. The company expects the final day of market trading to occur on October 2, 2026, ahead of the anticipated delisting date on October 4.
Timeline
September 24, 2026: Waldencast plc filed Form 25 with the SEC.
October 2, 2026: Expected final day of trading on Nasdaq.
October 4, 2026: Anticipated effective date for Nasdaq delisting.
October 5, 2026: Intended filing date for Form 15.
Market Landscape
This transition aligns with broader trends of publicly traded companies opting to exit major exchanges to reduce the overhead costs associated with public compliance. Such moves effectively shift the company away from the heightened disclosure requirements mandated by the Securities Exchange Act of 1934.
Shareholders and investors should prepare for the delisting, as the expected final day of trading on Nasdaq is October 2, 2026. Following the filing of Form 15, the company will no longer provide the public disclosures typically required for SEC-registered entities.
The takeaway
Investors should monitor their portfolios for any impact resulting from the removal of these shares from the public exchange. The company's exit from SEC reporting represents a fundamental change in how investors will access information regarding its financial health.
Further reading
For more context on corporate regulatory changes, visit Public Companies.
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