# EDGAR Filing Document

**Accession Number:** 0002013334
**File Stem:** 0002013334-25-000014
**Filing Date:** 2025-7
**Character Count:** 15558
**Document Hash:** 28aa43fab0c56f98b12f4c8753ed7f1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002013334-25-000014.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0002013334-25-000014

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Waldencast plc
- **CENTRAL INDEX KEY:** 0001840199
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92389
- **FILM NUMBER:** 251171201

**BUSINESS ADDRESS:**
- **STREET 1:** 81 FULHAM ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 6RD
- **BUSINESS PHONE:** 44 (0)20 3196 0264

**MAIL ADDRESS:**
- **STREET 1:** 81 FULHAM ROAD
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 6RD

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Waldencast Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210112
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zeno Equity Partners LLP
- **CENTRAL INDEX KEY:** 0002013334

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 273 KINGS ROAD-COLLEGE HOUSE 3RD FLOOR
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 5AW
- **BUSINESS PHONE:** 44 207 349 3504

**MAIL ADDRESS:**
- **STREET 1:** 273 KINGS ROAD-COLLEGE HOUSE 3RD FLOOR
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** SW3 5AW

### Attached PDF Documents

**Attachment 1:** `JointFIlingAgreement.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Waldencast plc**

*(Name of Issuer)*

**Class A ordinary shares, $0.0001 par value per share**

*(Title of Class of Securities)*

**G9503X103**

*(CUSIP Number)*

**Theodoro Messa**<br>272 Kings Road, 3rd Floor<br>College House<br>London X0 SW3 5AW<br>44 207 349 3510

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**07/29/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G9503X103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Zeno Equity Partners LLP** | Name of reporting person<br>**Zeno Equity Partners LLP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X0** | Citizenship or place of organization<br>**X0** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17145347.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17145347.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.5%** | Percent of class represented by amount in Row (11)<br>**14.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Item 8 - Represents the aggregate number of Class A ordinary shares beneficially owned by the Reporting Person, which are held indirectly through Zeno Investment Master Fund, which directly holds the Class A ordinary shares reported herein, as giving effect to the following, only for the purpose of computing the beneficial ownership of the Reporting Person: (i) Class A ordinary shares; (ii) Class A ordinary shares issuable upon the exercise of the private placement warrants; and (iii) Class A ordinary shares issuable upon the exercise of redeemable warrant.

Item 11 - Represents the quotient obtained by dividing (a) the number of Class A ordinary shares beneficially owned by the Reporting Person as set forth in Item 11 by the 113,055,721 shares of Class A ordinary shares outstanding, as provided to the Reporting Persons by the Issuer on July 25, 2025, and an additional 4,892,767 Class A ordinary shares issuable upon exercise of private placement warrants held by Zeno Investment Master Fund.

| **CUSIP No.** | **G9503X103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Zeno Investment Master Fund** | Name of reporting person<br>**Zeno Investment Master Fund** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17145347.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17145347.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.5%** | Percent of class represented by amount in Row (11)<br>**14.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Item 8 - Represents the aggregate number of Class A ordinary shares held by the Reporting Person, as giving effect to the following, only for the purpose of computing the beneficial ownership of the Reporting Person: (i) Class A ordinary shares; (ii) Class A ordinary shares issuable upon the exercise of the private placement warrants; (iii) Class A ordinary shares issuable upon the exercise of redeemable warrant; and (iv) Class A ordinary shares subscribed by Zeno Investment Master Fund pursuant to the Subscription Agreement signed on September 14, 2023.

Item 11 - Represents the quotient obtained by dividing (a) the number of Class A ordinary shares beneficially owned by the Reporting Person as set forth in Item 11 by the 113,055,721 shares of Class A ordinary shares outstanding, as provided to the Reporting Persons by the Issuer on July 25, 2025, and an additional 4,892,767 Class A ordinary shares issuable upon exercise of private placement warrants held by Zeno Investment Master Fund.

| **CUSIP No.** | **G9503X103** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Souza Cristiano** | Name of reporting person<br>**Souza Cristiano** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D5** | Citizenship or place of organization<br>**D5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**17145347.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**17154347.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | Aggregate amount beneficially owned by each reporting person<br>**17145347.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**14.5%** | Percent of class represented by amount in Row (11)<br>**14.5%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Item 8 - Represents the aggregate number of Class A ordinary shares beneficially owned by the Reporting Person, which are held indirectly through Zeno Investment Master Fund, which directly holds the Class A ordinary shares reported herein, as giving effect to the following, only for the purpose of computing the beneficial ownership of the Reporting Person: (i) Class A ordinary shares; (ii) Class A ordinary shares issuable upon the exercise of the private placement warrants; and (iii) Class A ordinary shares issuable upon the exercise of redeemable warrant

Item 11 - Represents the quotient obtained by dividing (a) the number of Class A ordinary shares beneficially owned by the Reporting Person as set forth in Item 11 by the 113,055,721 shares of Class A ordinary shares outstanding, as provided to the Reporting Persons by the Issuer on July 25, 2025, and an additional 4,892,767 Class A ordinary shares issuable upon exercise of private placement warrants held by Zeno Investment Master Fund.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A ordinary shares, $0.0001 par value per share

**(b) Name of Issuer:**
Waldencast plc

**(c) Address of Issuer's Principal Executive Offices:**
81 FULHAM ROAD, LONDON, X0, SW3 6RD

This Amendment No. 4 (Amendment No. 4) amends and supplements theSchedule 13D filed with the Securities and Exchange Commission (the SEC) on February 9, 2024, as amended on August 5, 2022, (Amendment No. 1), as amended on September 21, 2023, as amended on December 1, 2023 (Amendment No. 1), relating to Class A ordinary shares, $0.0001 par value per share (the Class A ordinary shares), of Waldencast plc, a public limited company under the laws of Jersey (the Issuer) (as so amended, the Schedule 13(D). Capitalized terms used herein and not otherwise defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D.

This Amendment No. 4 is being filed to update the current outstanding shares held by the Reporting Persons of the Issuer.

The principal executive office of the Issuer is 10 Bank Street, Suite 560, White Plains, does not New York 10606. Except as specifically provided herein, this Amendment No. 4 modify or amend any of the information previously reported in the Schedule 13D.

**Item 4. Purpose of Transaction**

To satisfy a redemption request from two investors in the Zeno Fund, the Reporting Parties elected to satisfy the requests by proceeding with a redemption in kind of the Issuer's securities to satisfy the redemption requests. The Reporting Parties therefore, transferred 3,082,963 Class A ordinary shares priced at 2.45 per share and 1,355,088 Class A ordinary shares issuable upon exercise of private placement warrants priced at 0.097 per share held by the Zeno Fund. The price of the transferred shares were based on the closing price of the Issuer as of June 30, 2025, the redemption date. The transfer of the shares was settled on July 29, 2025.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information contained on the cover pages to this Schedule 13D is incorporated herein by reference

**(b)**
The information contained on the cover pages to this Schedule 13D is incorporated herein by reference.

**(c)**
To satisfy a redemption request from two investors in the Zeno Fund, the Reporting Parties elected to satisfy the requests by proceeding with a redemption in kind of the Issuer's securities to satisfy the redemption requests. The Reporting Parties therefore, transferred 3,082,963 Class A ordinary shares priced at 2.45 per share and 1,355,088 Class A ordinary shares issuable upon exercise of private placement warrants priced at 0.097 per share held by the Zeno Fund. The price of the transferred shares were based on the closing price of the Issuer as of June 30, 2025, the redemption date. The transfer of the shares was settled on July 29, 2025.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Exhibit 1 - On February 9, 2024, the Reporting Persons entered into a certain Joint Filing Agreement. A copy of the Joint Filing Agreement is attached as Exhibit I hereto and incorporated herein by reference

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Zeno Equity Partners LLP

**Signature:** /s/ Theodoro Arthur da Costa Messa

**Name/Title:** Theodoro Arthur da Costa Messa - Executive Officer

**Date:** 07/30/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Zeno Investment Master Fund

**Signature:** /s/ Theodoro Arthur da Costa Messa

**Name/Title:** Theodoro Arthur da Costa Messa - Executive Director

**Date:** 07/30/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Souza Cristiano

**Signature:** /s/ Souza Cristiano

**Name/Title:** Souza Cristiano - Executive Director

**Date:** 07/30/2025