Schedule 13G/A: Mirabella Reports 12.79M Shares (10.21%) in Beauty Health

Rhea-AI Filing Summary

Mirabella Financial Services LLP reported beneficial ownership of 12,790,383 shares of Beauty Health Company (common stock), representing 10.21% of the class. The filing states these shares are held on behalf of Blue Riband Fund LP, for which Mirabella acts as investment manager and has sole voting and dispositive power over the reported shares. The filing notes the holdings were acquired in the ordinary course of business and not for the purpose of changing or influencing control. The issuer's principal executive office is listed in Long Beach, California.

Positive

• Transparency: Public disclosure of a material 10.21% stake improves clarity for investors
• Clear delegation: Filing states Mirabella has sole voting and dispositive power, clarifying who controls voting rights
• Passive intent declared: The filer certifies the position was not acquired to change or influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: A passive investor disclosed a >10% stake, signaling notable ownership but no stated intent to seek control.

The filing documents a material minority stake (10.21%) held by Mirabella Financial Services LLP on behalf of Blue Riband Fund LP. From a capital markets perspective, a stake above 10% is large enough to warrant market attention because it can influence liquidity and potential block trades. However, the filer certifies the position is held in the ordinary course of business and not to change control, which suggests a passive, investment-oriented posture rather than activist intentions. This disclosure improves transparency for shareholders and market participants without indicating imminent governance or strategic moves.

Corporate Governance Expert

TL;DR: Ownership disclosure is material but the statement affirms no control intent, so governance impact appears limited.

The Schedule 13G/A identifies Mirabella as the investment manager with sole voting and dispositive power over the reported shares, held for Blue Riband Fund LP. While >10% ownership can create a credible voting bloc, the certification that the shares are not held to influence control reduces the immediate likelihood of governance activism. Stakeholders should note the clear delegation of voting authority to Mirabella and the public confirmation of passive intent; any future schedule amendments or a shift to a Schedule 13D would materially change this assessment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Beauty Health Company

(Name of Issuer)

Common Stock

(Title of Class of Securities)

88331L108

(CUSIP Number)

04/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 88331L108

1

Names of Reporting Persons

Mirabella Financial Services LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 12,790,383.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,790,383.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,790,383.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.21 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Beauty Health Company
(b)	Address of issuer's principal executive offices: 2165 Spring Street, Long Beach, CA 90806
Item 2.
(a)	Name of person filing: Mirabella Financial Services LLP
(b)	Address or principal business office or, if none, residence: 11 Strand, London, WC2N 5HR
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 88331L108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,790,383
(b)	Percent of class: 10.21 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 12,790,383
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12,790,383
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The shares are reported on behalf of Blue Riband Fund LP for which Mirabella Financial Services LLP acts as the Investment Manager. Mirabella has discretion to procedure the exercise of voting and dispositive power over the shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mirabella Financial Services LLP

Signature:	Suzanne Porter
Name/Title:	Suzanne Porter | Chief Compliance Officer
Date:	09/08/2025

FAQ

How many shares of SKIN does Mirabella Financial Services LLP report owning?

12,790,383 shares, representing 10.21% of Beauty Health Company's common stock

On whose behalf are the shares reported?

The shares are reported on behalf of Blue Riband Fund LP, for which Mirabella acts as investment manager

Does the filing indicate an intent to change or influence control of Beauty Health Company (SKIN)?

No; the filing includes a certification that the securities were not acquired to change or influence control

What voting and dispositive powers does Mirabella claim over the shares?

Mirabella reports sole voting power and sole dispositive power over all 12,790,383 shares

Where is Mirabella Financial Services LLP organized and where is the issuer located?

Mirabella is organized in the United Kingdom; the issuer's principal executive office is in Long Beach, CA