6-K ·Filed Sep 14, 2026
Notable filing: 6-K
Actionable Insight ▼ Bearish
The delisting eliminates Nasdaq liquidity and SEC reporting, making WALD shares difficult to trade for most institutional investors. Monitor the upcoming H1 2026 trading update for any financial deterioration that could further pressure the stock ahead of delisting.
Latest settled: T+5d ⚠ clustered
WALD ▼ -6.78% at T+5d
SHORT call ✓ call won +6.78% · α vs SPY +6.89% · entry $1.18 → $1.10
T+1d
-5.08%
call +5.08% · α +4.63%
$1.12
settled 6w ago
T+5d
-6.78%
call +6.78% · α +6.89%
$1.10
settled 5w ago
T+20d
Pending
due 16d ago
T+60d
Pending
in 6w
Price Chart
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Executive Summary
No summary provided
Key Facts
- Waldencast will voluntarily delist from Nasdaq; last trading day expected October 2, 2026.
- Company will file Form 25 on or about September 24, 2026, and Form 15 on or about October 5, 2026 to suspend SEC reporting obligations.
- Board cites disproportionate costs of public listing following the Obagi Medical divestiture; central headquarters costs were $18.5 million in FY2025.
- Company intends to seek OTC quotation under ticker MLKM, but no guarantee of trading.
- Shareholders will be asked to approve renaming the company to Milk Makeup plc; delisting is not conditional on this vote.
- Any further allocation of proceeds from the Obagi Medical sale to Bridgepoint (completed July 30, 2026) remains subject to Board review.
- Company expects to publish a trading update for H1 2026 in the coming weeks.
Financial Impact
Central headquarters costs of $18.5 million in FY2025 expected to be substantially eliminated post-delisting; no specific cost savings figure provided.
liquiditypublic floatreporting coststrading venue
Risk Factors
- No guarantee of OTC market maker or trading after delisting, potentially leaving shareholders with illiquid positions.
- Cost savings from delisting may not materialize as expected, or may be realized more slowly than anticipated.
- SEC could delay or deny the deregistration, prolonging the transition period and associated costs.
- Shareholder approval for the name change to Milk Makeup plc may not be obtained, though delisting proceeds regardless.
Market Snapshot
Exchange
Nasdaq
Sector
Perfumes, Cosmetics & Other Toilet Preparations
Analyst Consensus
78% bullish (9 analysts)
Investment Themes
Consumer & Retail
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001840199-26-000101 |
| Document: a1wald6-k_delistingx14sept.htm | 0001840199-26-000101 |
| Document: 0001840199-26-000101-index-headers.html | 0001840199-26-000101 |
| Document: 0001840199-26-000101-index.html | 0001840199-26-000101 |
| Document: 0001840199-26-000101.txt | 0001840199-26-000101 |
19 reports for WALD
86% Hit rate @ T+5 Went positive at some point 7 of 8 best @ T+60▲ +121.49%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | Press Release | $0.7500 | awaiting T+5 | awaiting T+5 | No price |
Oct 15, 2026 12d ago | 6-K | $0.7500 | awaiting T+5 | awaiting T+5 | No price |
Oct 15, 2026 12d ago | 15-12G | $0.7500 | awaiting T+5 | awaiting T+5 | No price |
Oct 14, 2026 14d ago | EFFECT | $0.8100 | awaiting T+5 | awaiting T+5 | No price |
Oct 14, 2026 14d ago | EFFECT | $0.8100 | awaiting T+5 | awaiting T+5 | No price |
Oct 14, 2026 14d ago | EFFECT | $0.8100 | awaiting T+5 | awaiting T+5 | No price |
Sep 28, 2026 29d ago | Press Release | $0.9277 $0.8794 | ▲ +5.21% | ▲ +7.15% | No price |
Sep 24, 2026 4w ago | 6-K | $1.03 $0.8794 | ▲ +14.62% | ▲ +14.40% | No price |
Sep 24, 2026 4w ago | Press Release | $1.03 $0.8794 | ▲ +14.62% | ▲ +14.40% | No price |
Sep 14, 2026 6w ago | Press Release | $1.18 $1.10 | ▲ +6.78% | ▲ +6.89% | No price |
Showing 10 of 19
US Market Status
Market Closed · Opens in 4h 10m
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