Waldencast signs LOI to buy stake in its Southeast Asian distributor
Waldencast (NASDAQ:WALD) said Monday it signed a binding letter of intent to buy a 60% stake in an entity of its Southeast Asian distributor.
Waldencast said it expects to close the transaction in the coming weeks, upon satisfying necessary conditions, and that the LOI is binding upon the SEA distributor.
As a result of the transaction, the company moved its fourth quarter and fiscal year 2022 earnings release and conference call to April 26, 2023 from March 15, 2023.