Wag! Group CO
Market Movers (8-K)
Wag! Group Co. successfully completed its Chapter 11 reorganization, cancelling all existing equity and issuing new shares to its secured creditor.
Capital raise
Worse than expected
Wag! Group Co. received notice of delisting from Nasdaq due to its Chapter 11 bankruptcy filing and non-compliance with listing standards, with existing equity interests expected to be canceled.
Capital raise
Worse than expected
Wag! Group Co. has initiated a voluntary pre-packaged Chapter 11 bankruptcy process to restructure its balance sheet, with its primary secured lender, Retriever LLC, set to assume full ownership and provide new financing.
Capital raise
Worse than expected
Wag! Group Co. has sold its Furscription veterinary e-prescriptions business for $5 million in cash, with proceeds allocated to partially repay its secured creditor, Retriever LLC, as the company faces significant debt obligations and warns of potential bankruptcy.
Worse than expected
Wag! Group Co. amended its financing agreement, reducing liquidity covenants and receiving a waiver for past non-compliance, while actively pursuing strategic alternatives to address its financial obligations and avoid potential bankruptcy.
Worse than expected
Capital raise
8-K: Wag! Group Co. Shareholders Approve Director Elections, Auditor, and Potential Reverse Stock Split
Wag! Group Co. announced that its shareholders approved the election of three Class III Directors, ratified PricewaterhouseCoopers LLP as its independent auditor, and authorized the Board of Directors to effect a reverse stock split.
Quarterly Earnings (10-Q)
Wag! Group Co. has filed for Chapter 11 bankruptcy, with plans to cancel all existing equity interests, leading to a complete loss for current shareholders.
Worse than expected
Capital raise
10-Q: Wag! Group Co. Reports Q1 2025 Results, Revenue Declines and Going Concern Uncertainty Highlighted
Wag! Group Co.'s Q1 2025 results reveal a significant revenue decrease and raise substantial doubt about the company's ability to continue as a going concern due to liquidity issues and debt obligations.
Capital raise
Worse than expected
Wag! Group Co. reported a net loss of $6.3 million for the third quarter of 2024, with a significant decrease in revenue compared to the same period last year, and expresses substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
Wag! Group Co. reported a decrease in revenue and a net loss for the second quarter of 2024, while also expressing substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
10-Q: Wag! Group Co. Reports Q1 2024 Results: Revenue Growth Driven by Wellness and Pet Food Segments
Wag! Group Co. saw a 12.6% increase in revenue in Q1 2024, driven by growth in its Wellness and Pet Food & Treats segments, despite a net loss of $4.2 million.
Worse than expected
Capital raise
Annual Reports (10-K)
Wag! Group Co.'s FY2024 results reveal a net loss and revenue decline, coupled with substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
Wag! Group Co.'s 10-K filing details the terms of its securities, including common and preferred stock, warrants, and outlines shareholder rights and anti-takeover provisions.
Insider Trading (Form 4)
John P. Szabo Jr., a Director and 10% owner of Wag! Group Co., reported significant sales of common stock and warrants totaling over 4 million securities across multiple transactions in mid-July 2025.
Worse than expected
Chief Customer Officer David Cane reports disposition of shares to cover tax obligations related to RSU settlement.
Patrick McCarthy, Chief Marketing Officer of Wag! Group Co., reports the withholding of 47,584 common stock shares by the issuer to cover tax obligations related to RSU settlement on May 19, 2025.
Garrett Smallwood, CEO of Wag! Group Co., disposed of 80,527 shares to cover income tax obligations related to RSU settlement.
Chief Technology Officer of Wag! Group Co., Maziar Arjomand, reports disposition of shares to cover tax obligations related to RSU settlement.
Alec Davidian, CFO of Wag! Group Co., reports the withholding of shares to cover income tax obligations related to the settlement of Restricted Stock Units (RSUs).
Proxy Statements (Def-14A)
Wag! Group Co. will hold its annual stockholder meeting on June 13, 2025, and is seeking approval for the election of directors, ratification of the accounting firm, and a potential reverse stock split.
Wag! Group Co. is asking stockholders to approve a reverse stock split proposal at its upcoming annual meeting to address Nasdaq's minimum bid price requirement.
Worse than expected
Wag! Group Co. announces its 2024 Annual Meeting of Stockholders to be held virtually on May 22, 2024, with voting open until May 21, 2024.
Wag! Group Co. is holding its 2024 Annual Meeting of Stockholders virtually on May 22, 2024, to vote on director elections, ratification of the accounting firm, and an amendment to the certificate of incorporation.
Schedule 13G - Passive Investments
SherpaVentures Fund II, LP, its GP, and Scott Stanford have reported a complete divestment of their beneficial ownership in Wag! Group Co. common stock.
Worse than expected
Investment firm Tenaya Capital and its associated entities have filed an amendment to their Schedule 13G, indicating a complete divestment of their beneficial ownership in Wag! Group Co., reducing their stake to 0.0%.
Flint Ridge Capital LLC, Flint Ridge Partners L.P., and John P. Szabo, Jr. have disclosed beneficial ownership of Wag! Group Co. common stock through warrants, totaling up to 4.5% of the outstanding shares.