Wag! Completes Merger With CHW for $350 Million

August 9, 2022

Cleary Gottlieb represented Wag Labs Inc. in its business combination agreement with CHW Acquisition Corporation (CHW), a special purpose acquisition company.

The transaction was announced on February 3, 2022, and closed on August 9, 2022. Upon the closing of the business combination, CHW changed its name to Wag! Group Co.

Wag! shares began trading on NASDAQ under the symbol “PET” on August 10, 2022. The transaction will support Wag!’s mission to make pet ownership more accessible by accelerating the online consolidation of the $44 billion pet wellness and services industries. 

Wag! is an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services. CHW was a blank check company formed for the purpose of effecting a merger or similar business combination with one or more businesses.

For more information, please see the press release here.