TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo March 10, 2021 Michel Brousset Chief Executive Officer Waldencast Acquisition Corp. 10 Bank Street, Suite 560 White Plains, NY 10606 Re: Waldencast Acquisition Corp. Amendment No. 1 to Registration Statement on Form S-1 Filed March 1, 2021 Amendment No. 2 to Registration Statement on Form S-1 Filed March 8, 2021 File No. 333-253370 Dear Mr. Brousset: We have reviewed your amended registration statements and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Amendment No. 1 to Registration Statement on Form S-1 Filed March 1, 2021 Management Conflicts of Interest, page 108 1. Here and elsewhere in your filing, as applicable, please include more detail regarding the performance fee allocation that members of your sponsor are entitled to receive upon certain benchmark returns, including, but not limited to, the specific benchmarks and how the fee will be calculated. Michel Brousset FirstName WaldencastLastNameMichel Acquisition Corp.Brousset Comapany March NameWaldencast Acquisition Corp. 10, 2021 March2 10, 2021 Page 2 Page FirstName LastName Please contact Taylor Beech at 202-551-4515 or Mara Ransom at 202-551-3264 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Gregg A. Noel, Esq.