Waldencast SPAC

There is a further sizeable potential growth opportunity in our core U.S. business by increasing our physician base What we have The leading penetration of U.S. physicians 1 OBAGI management estimates. ~40% U.S. physician penetration¹ What we plan to do Expand our winning business model further + Deeper penetration of physicians + New opportunities in fast growing multi- specialty channel + Wider range of education and services through digitalization 42

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