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Wag! Group Co. (NASDAQ:PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced that it has commenced an underwritten public offering of shares of its common stock. The proposed offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the proposed offering.
Wag! intends to use the net proceeds from the offering to repay indebtedness, with any remainder to be used for working capital and general corporate purposes.
Craig-Hallum Capital Group LLC is acting as sole managing underwriter for the proposed offering.
Posted In: PET
