Merger BLSTU

MANSCAPED, to Become a Publicly Traded Company via Business Combination With Bright Lights Acquisition Corp.

, SPAC Research

MANSCAPED, a leading men’s lifestyle consumer brand and male grooming category creator, and Bright Lights Acquisition Corp. (NASDAQ: BLTS), announced today they have entered into a definitive business combination agreement that will result in MANSCAPED becoming a public company.

The business combination implies an enterprise valuation for MANSCAPED of $1 billion, or approximately 2.6x 2022 revenue.

The transaction will provide $305 million in gross proceeds to the Company, assuming no redemption by Bright Lights shareholders, including:

Moelis & Company is acting as financial advisor to Bright Lights. Jefferies and Deutsche Bank Securities are acting as Capital Markets Advisors to Bright Lights and Financo Raymond James is acting as financial advisor to MANSCAPED.

Skadden, Arps, Slate, Meagher & Flom is acting as legal advisor to Bright Lights and Buchalter is acting as legal advisor to MANSCAPED.

Jefferies, Moelis & Company and Deutsche Bank Securities served as placement agents for the PIPE financing.

Paul Hastings served as legal advisor to the placement agents.

Upon closing of the transaction, the combined company will be renamed Manscaped Holdings, Inc. and expects to apply to be listed on the NASDAQ under the new ticker symbol “MANS.”

The combined company will be led by Paul Tran (Bio), Founder and Chief Executive Officer of MANSCAPED.

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