European Wax Center, Inc. underwent a change of control involving Glow Midco, LLC for $5.80 per share of Class A Common Stock (closed 2026-05-08).
“excluded shares pursuant to the terms of the Merger Agreement, was cancelled and extinguished and automatically converted into the right to receive an amount in cash equal to $5.80 per share of Class A Common Stock, without interest thereon (the “ Class A Per Share Price ”), (ii) each share of the Company’s Class B common stock, par value $0.00001 per share”
Material Agreements
European Wax Center, Inc. terminated Series 2022-1 Supplement and Base Indenture (April 6, 2022) with Citibank, N.A. valued at $388.1 million prepayment including $385,000,000 principal plus $3.1 million accrued interest (effective 2026-05-08).
“Concurrently with the closing of the Mergers, the Master Issuer prepaid in full all outstanding Series 2022-1 5.50% Fixed Rate Senior Secured Notes, Class A-2 issued pursuant to that certain Series 2022-1 Supplement, dated as of April 6, 2022, as amended, supplemented, amended and restated or otherwise modified from time to time, by and between the Master Issuer and Citibank, N.A., as trustee, and that certain Base Indenture, dated as of April 6, 2022, as amended, supplemented, amended and restated or otherwise modified from time to time, by and between the Master Issuer and Citibank, N.A., as trustee and securities intermediary, and all pledge, security, management and other agreements and documents related thereto.”
Material Agreements
European Wax Center, Inc. entered into Amended and Restated Base Indenture and Series 2026-1 Supplement with Citibank, N.A. valued at $460,000,000 aggregate principal amount of Series 2026-1 6.40% Fixed Rate Senior Secured Notes, Clas (effective 2026-05-08).
“As previously disclosed, European Wax Center, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger, dated as of February 9, 2026 (the “ Merger Agreement ”), by and among Glow Midco, LLC, a Delaware limited liability company (“ Parent ”), Glow Merger Sub 1, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ Merger Sub Inc. ”), Glow Merger Sub 2, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent (“ Merger Sub LLC ,” and together with Merger Sub Inc., the “ Merger Subs ”) and EWC Ventures, LLC, a Delaware limited liability company (“ Opco ”), pursuant to which (i) Merger Sub Inc. merged with and into the Company (the “ Corporate Merger ”), with the Company surviving the Corporate Merger as the surviving corporation (the “ Surviving Corporation ”) and a wholly owned subsidiary of Parent and (ii) Merger Sub LLC merged with and into Opco, with Opco surviving as the surviving limited liability company”
Debt Financings
European Wax Center, Inc. incurred senior notes of up to $40,000,000 with Citibank, N.A..
“up to $40,000,000 aggregate principal amount of the Series 2026-1 Variable Funding Senior Secured Notes, Class A-1”
Debt Financings
European Wax Center, Inc. incurred senior notes of $460,000,000 with Citibank, N.A. at 6.40% Fixed Rate.
“$460,000,000 aggregate principal amount of the Series 2026-1 6.40% Fixed Rate Senior Secured Notes, Class A-2”
Not Named was appointed as Officer at European Wax Center, Inc..
“the officers of Merger Sub Inc. became the officers of the Surviving Corporation”
Not Named was appointed as Director at European Wax Center, Inc..
“the directors of Merger Sub Inc. became the directors of the Surviving Corporation”
Not Named departed as Director at European Wax Center, Inc..
“each of the members of the board of directors of the Company as of immediately prior to the Effective Time ceased his or her respective service as a director of the Company”
Material Agreements
European Wax Center, Inc. entered into Merger Agreement with Glow Midco, LLC, Glow Merger Sub 1, Inc., Glow Merger Sub 2, LLC, and EWC Ventures, LLC (effective 2026-02-09).
“On February 9, 2026, European Wax Center, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Glow Midco, LLC, a Delaware limited liability company (“ Parent ”), Glow Merger Sub 1, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub Inc. ”), Glow Merger Sub 2, LLC, a Delaware limited liability company and wholly owned subsidiary of Parent (“ Merger Sub LLC ,” and together with Parent and Merger Sub Inc., the “ Buyer Parties ”) and EWC Ventures, LLC, a Delaware limited liability company and subsidiary of the Company (“ Opco ”)”
Stacie Shirley departed as Chief Financial Officer at European Wax Center, Inc..
“In connection with Mr. Kim’s appointment as the Company’s Chief Financial Officer, the Company announced that Stacie Shirley will depart from her position as Chief Financial Officer of the Company, effective as of the Effective Date.”
Thomas Kim was appointed as Chief Financial Officer at European Wax Center, Inc..
“On March 5, 2025, the Company appointed Thomas Kim as Chief Financial Officer of the Company, effective April 7, 2025 or such earlier date that may be mutually agreed by the parties (the “Effective Date”).”
Andrea Wasserman departed as Chief Commercial Officer at European Wax Center, Inc..
“On September 19, 2024, the Company announced that Andrea Wasserman departed from her position as Chief Commercial Officer of the Company, effective September 16, 2024.”
David Willis resigned as Director at European Wax Center, Inc..
“On August 15, 2024, David Willis resigned from the board of directors (the “Board”) of European Wax Center, Inc. (the “Company”), effective August 15, 2024.”
David Berg changed role as Chief Executive Officer at European Wax Center, Inc..
“David Berg, who has served the Company as Executive Chair since 2023 and previously served as the Company’s Chief Executive Officer, assumed the role of Chief Executive Officer effective as of August 12, 2024.”
David Willis departed as Chief Executive Officer at European Wax Center, Inc..
“David Willis departed from his position as Chief Executive Officer of the Company, effective August 12, 2024.”
Julia Hunter was appointed as Director at European Wax Center, Inc..
“Following Mr. Joseph’s resignation, on August 1, 2024, the Board appointed Julia Hunter as a director of the Company to fill the vacancy on the Board, effective immediately.”
Shaw Joseph resigned as Director at European Wax Center, Inc..
“On August 1, 2024, Shaw Joseph notified European Wax Center, Inc. (the “Company”) that he would be resigning from the Company’s Board of Directors (“the Board”), effective immediately.”
Earnings Releases
European Wax Center, Inc. reported 13 weeks ended April 6, 2024 results: revenue $51.9 million, net income $3.7 million. Guidance reaffirmed.
“Quarter Fiscal 2024 versus 2023 • Net new centers increased 7.5% to 1,051 total centers in 45 states • System-wide sales of $221.4 million increased 1.3% • Total revenue of $51.9 million increased 4.0% • Same-store sales decreased 1.2% • GAAP net income of $3.7 million and Adjusted net income of $4.8 million • Adjusted EBITDA of $17.5 million increased 7.4%”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.