Waldencast SPAC

Build a new consumer proposition to answer the needs of consumers currently not within our audience and channels 1 Clinical testing is one of the top 2 most important purchase drivers in skin care 2 Clinical category is booming in the US and now represent 34% of US skin care sales 3 Growth fuelled by consumer interest with 55% of skin care social conversation on clinical and still growing +3% Coming soon... Source: Independent industry report based on data from 1/1/2021 - 12/31/2021. 4 OBAGI social conversations are growing ahead of the category at +8% 51

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