Bright Lights Acquisition in a preliminary proxy proposes an extension beyond the current Jan. 11, 2023 deadline. No new deadline was cited in the proposal.
The SPAC two months ago called off a deal with MANSCAPED, a personal grooming products company. The deal was terminated by mutual agreement, with the parties citing unfavorable market conditions as the reason.
MANSCAPED is on the hook to Bright Lights for a termination fee of $1 million, payable in installments over the next two years. Read more.
