Manscaped and Bright Lights Acquisition terminated its $1bn merger.

Manscaped, a startup specializing in below-the-waist men’s grooming products, and Bright Lights Acquisition, a SPAC terminated its $1bn merger. Transaction included $75m PIPE investment from Channing Tatum, Endeavor, Signia Venture Partners, Saban Capital and Guggenheim Investments. “Although we are disappointed that current market conditions have made it unworkable to complete the merger with MANSCAPED, we are huge fans of the company and wish Paul and the rest of the team continued success," Mike Mahan, Bright Lights CEO.