Waldencast plc strengthens balance sheet position with the announcement of a trademark sale for Japan and refinancing of its credit facilities

Waldencast stock fell 15.3% after announcing plans to delist from Nasdaq by October 2, 2026, and seek OTC quotation under the new ticker 'MLKM'. The company cited high U.S. listing costs and reduced need for public equity markets. The Nasdaq Composite and S&P 500 also declined, amplifying the selling pressure. The move is seen as a liquidity downgrade, potentially triggering forced selling by institutional funds.

Waldencast (WALD) shares dropped 15.3% premarket after announcing plans to delist from Nasdaq by October 2026, citing high costs and low trading volume. The company, now a single-brand entity post-Obagi Medical sale, may rename to Milk Makeup and trade OTC under 'MLKM'. SEC deregistration is expected to follow.

Alstom secured 1.2B euro contracts with TransPennine Express for 29 battery-electric trains and maintenance, to be delivered from 2032. Stadler won an order from FS Logistix for eight EUROLIGHT Dual locomotives for Italian rail operations.

Lockheed Martin received a $1.2B contract for the PrSM Increment 2 missile system, according to the Defense Department. The system, designed to hit moving maritime targets, will be developed by 2031. Lockheed's bid was the only one solicited and received. The Army has used PrSM Increment 1 in combat and is planning future increments with enhanced capabilities.

Kraft Heinz launched Philadelphia Mike’s Hot Honey Whipped Cream Cheese, a sweet-and-spicy cream cheese, at Walmart, with a national rollout planned for January 2027. The company is investing $700 million in innovation and marketing to boost sales amid consumer demand pressure. Second-quarter sales were $6.26 billion, down 1.4% year-over-year but beating expectations.

Scholar Rock (SRRK) shares fell 14% after Barclays downgraded it to Equal Weight, citing concerns about its pipeline despite FDA approval for Isembyld. The stock's P/S ratio is high, reflecting growth expectations, but profitability remains weak. Insider activity is balanced, and the GF Score™ is 29/100.