LONDON, July 30, 2026 (GLOBE NEWSWIRE) — Walde cast plc (NASDAQ: WALD) (“Walde cast” o “the Compa y”) today a ou ced that it completed the p eviously a ou ced sale of its Obagi Medical de matological ski ca e a d aesthetics busi ess (“Obagi Medical”) to B idgepoi t, o e of the wo ld’s leadi g mid-ma ket i vesto s, i a t a sactio valued at up to $460 millio (subject to egotiated deductio s a d customa y adjustme ts based o closi g cash, closi g i debted ess, et wo ki g capital a d t a sactio expe ses), ma ki g a sig ifica t step i Walde cast’s st ategy to st e gthe its bala ce sheet a d focus o accele ati g the global g owth of Milk Makeup.
As p eviously a ou ced, i co ju ctio with the closi g of the t a sactio , Walde cast epaid all of its outsta di g se io te m loa facility a d will co ti ue to i vest i its emai i g b a d, Milk Makeup, as a leadi g colo cosmetics busi ess, u de the leade ship of P eside t a d Co-Fou de Mazdack Rassi, a d ove sight f om Executive Chai ma , Felipe Dut a. A y fu the allocatio of t a sactio p oceeds emai s subject to eview by the Boa d of Di ecto s of the Compa y.
I co ectio with the closi g, Walde cast fou de s Michel B ousset a d Hi d Sebti, alo g with Chief Fi a cial Office , Ma uel Ma f edi, will t a sitio f om the Compa y to lead Obagi Medical i pa t e ship with B idgepoi t. Felipe Dut a, Executive Chai ma of the Boa d, will se ve as the Compa y’s p i cipal executive office a d p i cipal fi a cial office .
Walde cast plc (NASDAQ: WALD) is the pa e t compa y of Milk Makeup, the clea p estige beauty b a d bo f om the c eative commu ity of Milk Studios i dow tow New Yo k City. Fou ded i 2016, Milk Makeup is built o the values of self-exp essio a d i clusio , captu ed by its sig atu e “Live You Look,” a d c eates vega , c uelty-f ee, clea fo mulas ac oss a po tfolio of he o f a chises. Milk Makeup is available th ough milkmakeup.com a d etail pa t e s i cludi g Sepho a, Ulta Beauty a d Amazo P emium Beauty i the U.S., a d select etaile s i te atio ally. Fo mo e i fo matio , please visit: www.milkmakeup.com.
Stateme ts i this elease that a e ot histo ical, a e fo wa d-looki g stateme ts made pu sua t to the safe ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. Such stateme ts i clude, but a e ot limited to, stateme ts ega di g the i te ded be efits of the t a sactio a d futu e st ategies that may be pu sued by the Compa y. These fo wa d-looki g stateme ts ge e ally a e ide tified by the wo ds “i te ds,” “may,” “will,” “futu e” a d va iatio s of these wo ds o simila exp essio s (o the egative ve sio s of such wo ds o exp essio s) a e i te ded to ide tify fo wa d-looki g stateme ts. These fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce, co ditio s o esults, a d i volve a umbe of k ow a d u k ow isks, u ce tai ties, assumptio s a d othe impo ta t facto s, ma y of which a e outside the co t ol of the Compa y that could cause actual esults o outcomes to diffe mate ially f om those discussed i the fo wa d-looki g stateme ts.
Impo ta t facto s, amo g othe s, that may affect actual esults o outcomes i clude, but a e ot limited to: (1) the i ability to ecog ize the a ticipated be efits of the t a sactio ; (2) the total co side atio payable i co ectio with the t a sactio may be educed due to the ve do otes that fo m pa t of the t a sactio co side atio payable to the Compa y, the ea out ot bei g achieved a d othe facto s elati g to the t a sactio ; (3) the pote tial i ability of the Compa y to effectively ma age ope atio s, etai key clie ts o mai tai existi g levels of pe fo ma ce i thei abse ce; (4) the ge e al impact of geopolitical eve ts, i cludi g the impact of cu e t wa s, co flicts a d othe hostilities; (5) the ove all eco omic a d ma ket co ditio s a d othe i fo matio about the Compa y’s possible o assumed futu e esults of ope atio s o pe fo ma ce; (6) cha ges i ge e al eco omic co ditio s; (7) the impact of a y i te atio al t ade o fo eig excha ge est ictio s, the impositio of ew o i c eased ta iffs, fo eig cu e cy excha ge fluctuatio s; a d (8) the ability to impleme t the Compa y’s st ategic i itiatives a d co ti ue to i ovate its existi g p oducts a d a ticipate a d espo d to ma ket t e ds a d cha ges i co sume p efe e ces. The fo egoi g list of facto s is ot exhaustive. You should ca efully co side the fo egoi g facto s a d the othe isks a d u ce tai ties desc ibed i the “Risk Facto s” sectio of the Compa y’s A ual Repo t o Fo m 20-F fo the yea e ded Decembe 31, 2025, filed with the SEC o Ma ch 13, 2026, o i othe docume ts that may be filed o fu ished by the Compa y f om time to time with the SEC. These fili gs ide tify a d add ess othe impo ta t isks a d u ce tai ties that could cause actual eve ts a d esults to diffe mate ially f om those co tai ed i the fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts speak o ly as of the date they a e made. Reade s a e cautio ed ot to put u due elia ce o fo wa d-looki g stateme ts, a d the Compa y assumes o obligatio a d does ot i te d to update o evise these fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise.
I vesto s ICR Alliso Malki walde casti @ic i c.com
Media ICR B itta y F ase walde castp @ic i c.com
