Manscaped, LLC entered into a definitive business combination agreement to acquire Bright Lights Acquisition Corp. (NasdaqCM:BLTS) from Bright Lights Sponsor LLC and others for $1.3 billion in a reverse merger transaction on November 22, 2021. 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, Founder and Chief Executive Officer of Manscaped. Tran will continue to lead as Chief Executive Officer. Michael Mahan, Chief Executive Officer of Bright Lights, will join Manscaped's Board of Directors.

The transaction is subject to the approval of the shareholders of both Manscaped and Bright Lights; all waiting periods (and any extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to the Business Combination, or under certain related agreements, having expired or been terminated, as applicable; the effectiveness of the Registration Statement, the shares of resulting issuer Class A Common Stock and Warrants to be issued in connection with the transaction having been approved for listing on Nasdaq; BLTS having a minimum of $5,000,001 of net tangible assets upon the Closing; and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The Boards of Directors of both Manscaped and Bright Lights have unanimously approved the transaction. The Manscaped Equityholders Support Agreement will terminate the Support Agreement. The transaction is expected to close in the first quarter of 2022. As of January 10, 2022, closing of the business combination and private placement investments is expected to take place during the first half of the year in 2022. As of February 23, 2022, the transaction is expected to close in the second quarter of 2022.

Moelis & Company LLC is acting as financial advisor to Bright Lights. Jefferies LLC and Deutsche Bank Securities Inc. are acting as Capital Markets Advisors to Bright Lights. Michael Mies of Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Bright Lights. Jefferies LLC, Moelis & Company LLC and Deutsche Bank Securities Inc. served as placement agents for the PIPE financing. Paul Hastings LLP served as legal advisor to the placement agents. Financo Raymond James is acting as financial advisor to Manscaped. Jeremy Weitz, Tanya Viner, Jenni Krengel, Peter Hogan, Jerry Janoff, and Chad McCombs of Buchalter, P.C. is acting as legal advisor to Manscaped.