SAN FRANCISCO - Wag! Group Co. (NASDAQ: PET), a company focused on providing services, products, and wellness solutions for U.S. pet households, has announced the initiation of a public offering of its common stock.
While the completion and specifics of the offering are contingent on market conditions, the company aims to allocate the net proceeds towards debt repayment and general corporate needs.
The sole managing underwriter for the offering is Craig-Hallum Capital Group LLC. The offering is being made through a shelf registration statement, including a base prospectus, filed with the Securities and Exchange Commission (SEC) and declared effective on September 13, 2023.
Details regarding the offering are available through a prospectus supplement and the accompanying prospectus, part of the registration statement. These documents, once available, can be accessed on the SEC's website or directly from Craig-Hallum Capital Group LLC. The final terms will be disclosed in a final prospectus supplement filed with the SEC.
Wag! Group Co. is known for pioneering on-demand dog walking with the Wag! app in 2015 and operates a suite of pet-focused businesses, including Petted, Dog Food Advisor, WoofWoofTV, maxbone, and Furmacy.
This press release contains forward-looking statements regarding the proposed public offering and the intended use of proceeds, which are subject to risks, uncertainties, and market conditions. These statements are based on current expectations and assumptions and may differ materially from actual future events.
The information is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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