On April 18, 2022, Tassilo Festetics, Technology Officer of Waldencast Acquisition Corp. and the principal financial officer of the Company, notified the Company of his intention to resign from his current roles in order to allow him to dedicate more time to other interests. Mr. Festetics will continue to serve as the Company's Chief Financial and Technology Officer and the principal financial officer through the closing of the Company's initial business combination (the “Closing”) and for a transition period to his successor, which will be announced in due course.

Mr. Festetics' decision to resign is not the result of any disagreement with the Company, the sponsor or their affiliates regarding their operations, policies, practices or otherwise. On April 22, 2022, Hind Sebti was appointed as Chief Growth Officer of the Company, effective the Closing date. Ms. Sebti has served as the Company's Chief Operating Officer since 2021 and will continue in this role in addition to serving as the Chief Growth Officer.