WALD - HAGENS BERMAN NATIONAL TRIAL ATTORNEYS Encourages Waldencast plc (WALD) Investors with Substantial Losses to Contact Firm's Attorneys Firm Investigating Possible Securities Law Violations | Benzinga
SAN FRANCISCO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ:WALD) investors who suffered substantial losses to submit your losses now.
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Waldencast plc (NASDAQ:WALD) Investigation:
The investigation focuses on the propriety of Waldencast's previously disclosed financial results which included those of Obagi (with whom Waldencast combined through a SPAC merger consummated on July 27, 2022).
More specifically, on May 2, 2023, Waldencast announced that it would not timely file its fiscal year ended Dec. 31, 2022 (FYE 2022) financial statements, blaming "certain accounting issues in connection with the sale of certain Obagi Cosmeceuticals LLC products for the Vietnam market."
Then, on June 5, 2023, the company announced that it obtained a waiver of default (through June 30, 2023) from its lenders who extended ...
WALD) Investors with Substantial Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations>Full story available on Benzinga.com