Bright Lights Acquisition Corp. (“Bright Lights” or “BLTS”)
(Nasdaq: BLTS), a special purpose acquisition company (“SPAC”), and
MANSCAPED™ (“MANSCAPED” or the “Company”), a leading global
consumer lifestyle brand specializing in men’s grooming and
self-care, today announced that they are mutually terminating their
previously announced Business Combination Agreement, effective
immediately.
“Although we are disappointed that current market conditions
have made it unworkable to complete the merger with MANSCAPED, we
are huge fans of the company and wish Paul and the rest of the team
continued success,” said Mike Mahan, Chief Executive Officer of
Bright Lights.
“Since founding MANSCAPED, we have been intently focused on
building a global, omnichannel lifestyle brand that provides men
with premium self-grooming tools from head-to-toe,” said Paul Tran,
Chief Executive Officer of MANSCAPED. “We are confident in our
long-term growth strategy and are excited about the future for
MANSCAPED. Mike and the Bright Lights team have been great partners
throughout this process, and we wish them well moving forward.”
Additional information about the termination of the Business
Combination Agreement will be provided in a Current Report on Form
8-K to be filed by Bright Lights with the SEC and will be available
at www.sec.gov.
About Bright Lights Acquisition Corp.
Bright Lights is a blank check company that was formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization, or similar business
combination with one or more businesses. Bright Lights' efforts to
identify a prospective target business are not limited to a
particular industry or geographic region, but Bright Lights intends
to focus on businesses operating in the consumer products and
media, entertainment, and sports sectors. Bright Lights is led by
Chief Executive Officer Michael Mahan, Co-Chairmen Allen Shapiro
and John Howard and Chief Financial Officer Hahn Lee. For more
information, visit https://www.brightlightsacquisition.com/.
About MANSCAPED
Founded by Paul Tran in 2016, San Diego, California-based
MANSCAPED™ is the global men’s lifestyle consumer brand and male
grooming category creator trusted by over six million men
worldwide. The product range includes a diversified line of premium
tools, formulations, and accessories designed to introduce and
elevate a whole new self-care routine for men. MANSCAPED’s
collection is available globally in 39 countries via DTC and on
Amazon in more than 100 countries worldwide. Retail placement
includes Target®, Best Buy, Macy’s, Walgreens, and Military
Exchanges in the U.S. and Hairhouse locations in Australia. For
more information, visit the website or follow on Facebook,
Instagram, Twitter, TikTok, Tumblr, and YouTube.
Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995. Forward-looking statements may relate to a future potential
business combination and any other statements relating to future
results, strategy and plans of BLTS (including certain statements
which may be identified by the use of the words “plans,” “expects,”
“does not expect,” “estimated,” “is expected,” “budget,”
“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,”
“does not anticipate,” or “believes,” or variations of such words
and phrases, or state that certain actions, events or results
“may,” “could,” “would,” “might,” “projects,” “will,” “will be
taken,” “occur” or “be achieved”). Forward-looking statements are
based on the opinions and estimates of management of BLTS, as of
the date such statements are made, and they are subject to known
and unknown risks, uncertainties, assumptions, and other factors
that may cause the actual results, level of activity, performance,
or achievements to be materially different from those expressed or
implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, the occurrence of
any event, change or other circumstances that could give rise to a
delay in or the failure to close a future potential business
combination, the amount of redemptions, the ability to retain key
personnel and the ability to achieve stockholder and regulatory
approvals, industry trends, legislation or regulatory requirements
and developments in the global economy as well as the public health
crisis related to the coronavirus (COVID-19) pandemic and resulting
significant negative effects to the global economy, disrupted
global supply chains and significant volatility and disruption of
financial markets, increased operating costs and the impact of
government shutdowns. Additional information on these and other
factors that may cause actual results and BLTS’ performance to
differ materially is included in BLTS’ periodic reports filed with
the SEC, including, but not limited to, BLTS’ Annual Report on Form
10-K for the year ended December 31, 2021, and subsequent Quarterly
Reports on Form 10‑Q. Copies of BLTS’ filings with the SEC are
available publicly on the SEC’s website at www.sec.gov or may be
obtained by contacting BLTS. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. These forward-looking statements are made
only as of the date hereof, and BLTS undertakes no obligations to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220818005712/en/
Bright Lights Contacts:
PR: Larry Solters
solters@solters.com
Investors: Hahn Lee Chief Financial
Officer and Secretary Telephone: (310) 421-1472 Email:
info@brightlightsacquisition.com
MANSCAPED Contacts:
Jared Filippone, CFA Director of Investor Relations, MANSCAPED™
IR@manscaped.com
Allison Frazier Director of Communications, MANSCAPED™
allison@manscaped.com
Bright Lights Acquisition (NASDAQ:BLTS)
過去 株価チャート
から 11 2024 まで 12 2024
Bright Lights Acquisition (NASDAQ:BLTS)
過去 株価チャート
から 12 2023 まで 12 2024
