WALD - Waldencast's (WALD) stock sinks after copping to inflating revenues- Hagens Berman | Benzinga

SAN FRANCISCO, Oct. 30, 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 ...

WALD) stock sinks after copping to inflating revenues- Hagens Berman>Full story available on Benzinga.com