MANSCAPED™, a Primary Men’s Way of life and Client Model, to Grow to be a Publicly Traded Organization by using Business enterprise Mixture With Dazzling Lights Acquisition Corp.

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MANSCAPED, a chief and pioneer in men’s grooming, has entered into a definitive enterprise mix settlement with Bright Lights Acquisition Corp. (Nasdaq:BLTS) (“Vivid Lights”), led by Michael Mahan, Allen Shapiro, John Howard, and Hahn Lee MANSCAPED is led by govt staff Paul Tran, Kevin Datoo, Phillip Unthank, Ty Shay, Chee Min Hong, and Marcelo Kertész
The transaction implies a mixed enterprise business worth of approximately $1 billion
Large-advancement, successful buyer way of life brand MANSCAPED, experienced $285 million in trailing twelve-thirty day period (TTM) revenue and expects to mature to more than $500 million in TTM income by 2023 via worldwide advancement and merchandise growth, furthering its lead in the male self-care class
The company’s successful enterprise model has allowed it to grow from roughly $3 million in TTM profits in Q1 2018 to $285 million in Q3 2021 though only using $23 million of raised equity
MANSCAPED expects to get up to $305 million in gross transaction proceeds and will be financial debt-cost-free at closing
The transaction features a completely fully commited $75 million PIPE from a number of institutional buyers, which includes: Cash managed by UBS O’Connor, Shaolin Capital Administration, Signia Enterprise Associates and Guggenheim Investments further traders involve Endeavor, an affiliate of Saban Funds Group LLC, Dazzling Lights, and specified MANSCAPED shareholders. 100% of MANSCAPED’s existing shareholders will roll their fairness into the combined business
The transaction is envisioned to shut in the to start with quarter of 2022 and is expected to be stated on the Nasdaq beneath the new ticker symbol “MANS”

SAN DIEGO & LOS ANGELES, November 23, 2021–(Organization WIRE)–MANSCAPED™ (“MANSCAPED” or “the Firm”), a primary men’s way of life client brand name and male grooming class creator, and Vibrant Lights Acquisition Corp. (“Bright Lights”) (Nasdaq:BLTS), a publicly-traded particular reason acquisition firm, announced now they have entered into a definitive business blend settlement that will consequence in MANSCAPED turning into a community business. Upon closing of the transaction, the combined corporation will be renamed Manscaped Holdings,…

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