<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Santa Venerina Inv. &amp; Arbitrage Ltd. -->
          <cik>0002009797</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Ordinary Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/18/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001840199</issuerCik>
        <issuerName>Waldencast plc</issuerName>
        <issuerCusips>
          <issuerCusipNumber>G9503X103</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>10 Bank Street, Suite 560,\</com:street1>
          <com:city>White Plains</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10606</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Santa Venerina Inv. &amp; Arbitrage Ltd.</reportingPersonName>
      <citizenshipOrOrganization>C5</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>15000000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>15000000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>15000000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>12.7</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>Note to Row 11: Based on 118,239,889 Class A ordinary shares outstanding as of February 27, 2026, as reported in the Issuer's Form 20-F filed with the Securities and Exchange Commission on March 13, 2026. The reported ownership reflects the Reporting Person's receipt of 5,000,000 shares in an in-kind distribution by Beauty Ventures LLC.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Waldencast plc</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>10 Bank Street, Suite 560, White Plains, NY 10606</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Santa Venerina Inv. &amp; Arbitrage Ltd.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>East Bay Street, P.O. Box N-7757, Nassau, The Bahamas</principalBusinessOfficeOrResidenceAddress>
        <citizenship>C5</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>15,000,000</amountBeneficiallyOwned>
        <classPercent>12.7%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>15,000,000</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>15,000,000</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Santa Venerina Inv. &amp; Arbitrage Ltd.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Philipp Kieber</signature>
        <title>Philipp Kieber, Secretary</title>
        <date>06/23/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>Note to Item 4(b): Based on 118,239,889 Class A ordinary shares outstanding as of February 27, 2026, as reported in the Issuer's Form 20-F filed with the Securities and Exchange Commission on March 13, 2026. The reported ownership reflects the Reporting Person's receipt of 5,000,000 shares in an in-kind distribution by Beauty Ventures LLC.</signatureComments>
  </formData>
</edgarSubmission>
