Wag! (PET)

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GE HealthCare's Flyrcado Sets New Benchmark in Cardiac PET Imaging
ZACKS· 2025-06-24 16:00
Key Takeaways GE HealthCare unveiled Flyrcado, its FDA-approved PET agent for cardiac imaging, at SNMMI 2025. Flyrcado supports GEHC's growth in precision cardiac care by enabling earlier, more personalized diagnosis. GEHC gained CMS pass-through status and insurer coverage to accelerate Flyrcado's national rollout.GE HealthCare (GEHC) recently unveiled new advancements in precision cardiac care at the 2025 SNMMI annual meeting in New Orleans, with a spotlight on Flyrcado—its FDA-approved Positron Emissio ...
Pet Valu Holdings Ltd. Announces Closing of C$576 Million Secondary Bought Deal Offering
Globenewswire· 2025-06-09 12:35
Core Viewpoint - Pet Valu Holdings Ltd. has successfully closed a secondary bought deal offering of approximately 19,969,450 common shares at a price of C$28.85 per share, resulting in total gross proceeds of about C$576 million to the selling shareholders [1][2]. Group 1: Offering Details - The offering was led by RBC Capital Markets and CIBC Capital Markets as joint bookrunners [2]. - The company did not receive any proceeds from the offering, as all net proceeds were paid directly to the selling shareholders [2]. - The common shares were sold via a prospectus supplement dated June 5, 2025, under the company's short form base shelf prospectus filed on August 15, 2024 [3]. Group 2: Shareholder Changes - Following the offering, the selling shareholders have no remaining equity interest in the company, leading to the termination of the Investor Rights Agreement [4]. - Clayton Harmon, a nominee of the selling shareholders, has resigned from the board of directors effective June 9, 2025, while Patrick Hillegass and Kevin Hofmann will remain as directors until suitable replacements are identified [5]. Group 3: Shareholder Ownership - Prior to the offering, Roark Capital Partners II AIV AG, L.P. and RCPS Equity Cayman LP owned approximately 14.8% and 10.5% of the outstanding common shares, respectively [8]. - Post-offering, these shareholders no longer own or control any common shares [8]. Group 4: Company Overview - Pet Valu is Canada's leading retailer of pet food and related supplies, operating over 800 corporate-owned or franchised locations [11]. - The company has been in operation for over 45 years, providing a wide range of products and services to pet owners [11].
Pet Valu Holdings Ltd. Announces Closing of C$22.5 Million Full Exercise of Over-Allotment Option
Globenewswire· 2025-05-21 12:42
Not for distribution to U.S. news wire services or dissemination in the United States. MARKHAM, Ontario, May 21, 2025 (GLOBE NEWSWIRE) -- Pet Valu Holdings Ltd. (“Pet Valu” or the “Company”) (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, announced today that further to the previously announced closing of the secondary bought deal offering (the “Offering”) of 5,200,000 common shares of the Company (the “Common Shares”) by PV Holdings S.à r.l., Roark Capital Partners ...
Pet Valu Holdings Ltd. Announces Closing of C$150 Million Secondary Bought Deal Offering
Globenewswire· 2025-05-16 12:24
Not for distribution to U.S. news wire services or dissemination in the United States MARKHAM, Ontario, May 16, 2025 (GLOBE NEWSWIRE) -- Pet Valu Holdings Ltd. (“Pet Valu” or the “Company”) (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, announced today that the previously announced secondary bought deal offering (the “Offering”) of 5,200,000 common shares of the Company (the “Common Shares”) by PV Holdings S.à r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equi ...
Pet Valu Celebrates 40th Anniversary of Dog Guides’ Fundraising Walk
Globenewswire· 2025-05-14 11:05
Core Points - The Pet Valu Walk for Dog Guides will take place on May 25, 2025, in 200 communities across Canada, aiming to raise $1.6 million for providing dog guides to Canadians with disabilities at no cost [3][4] - The event marks the 40th anniversary of the Walk, which started as a small community event and has grown significantly, now supporting seven different programs with over 800 working dog guides [4][5] - Each dog guide costs approximately $35,000 to breed, raise, train, and place, highlighting the financial need for fundraising events like the Pet Valu Walk [4] Company Overview - Pet Valu is Canada's leading retailer of pet food and supplies, with over 800 locations and a strong commitment to community involvement through sponsorship and participation in events like the Pet Valu Walk [8] - The company has been a national sponsor of the Walk since 2017 and has contributed significantly to the Dog Guides organization, including financial support for over 220 dog guide teams [6][8] - Pet Valu is also investing in a new $50 million training facility to enhance its support for Dog Guides and increase the number of teams graduated annually [5][6] Industry Impact - The Lions Foundation of Canada Dog Guides provides essential services to Canadians with disabilities, empowering them to live independently by offering dog guides at no cost [9] - The organization has evolved over the past four decades, expanding its programs and increasing its operational capacity, which is supported by community fundraising events like the Pet Valu Walk [4][5] - The collaboration between Pet Valu and Dog Guides exemplifies the positive impact of corporate sponsorship in the non-profit sector, enhancing the quality of life for individuals with disabilities [7][9]
Wag! (PET) - 2025 Q1 - Quarterly Report
2025-05-12 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ Commission File Number: 001-40764 2261 Market Street, Suite 86056 San Francisco, California 94114 (1) (1) (Addres ...
Wag! (PET) - 2025 Q1 - Earnings Call Transcript
2025-05-12 13:32
Wag! Group Co (PET) Q1 2025 Earnings Call May 12, 2025 08:30 AM ET Company Participants Greg Robles - Vice President of Investor RelationsGarrett Smallwood - Chairman & CEOAdam Storm - President & Chief Product OfficerAlec Davidian - Chief Financial Officer Operator Good morning. Welcome to the Wab Q1 twenty twenty five Earnings Conference Call. At this time, all lines are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being ...
Wag! (PET) - 2025 Q1 - Earnings Call Transcript
2025-05-12 13:30
Financial Data and Key Metrics Changes - The company reported a revenue of $15.2 million and an adjusted EBITDA loss of $1.2 million for Q1 2025, both showing a slight decline compared to Q4 2024 [11] - Total costs and expenses decreased by 25% year over year, amounting to over $6 million [11] - The company ended Q1 with $11.7 million in cash and cash equivalents and accounts receivable [13] Business Line Data and Key Metrics Changes - Revenue from services was $4.9 million, wellness was $9.2 million, and pet food and treats was $1.1 million in Q1 2025 [11] - Sales and marketing expenses were $10.4 million, which is within the historic range of 60% to 70% of revenue [12] Market Data and Key Metrics Changes - The company had 472,000 platform participants in the WAG ecosystem, reflecting a sequential quarter-over-quarter growth of 6% [11] Company Strategy and Development Direction - The company is focused on disciplined cost management and operational efficiencies, which have led to improved adjusted EBITDA despite a year-over-year decline in revenue [6] - Strategic partnerships with three major distribution partners are expected to enhance marketing positioning and drive growth in the insurance comparison business starting in Q2 [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum seen in early Q2 and emphasized a commitment to disciplined execution while growing efficiently [10] - The company remains focused on evaluating all strategic options to drive shareholder value [13] Other Important Information - The company is investing in AI and other technologies to optimize processes and systems, leading to increased efficiencies [12] - The board is evaluating potential options to improve the balance sheet and reduce debt [13] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without further inquiries [14]
Wag! (PET) - 2025 Q1 - Earnings Call Presentation
2025-05-12 11:35
Wag.co Q1'2024 CONFIDENTIAL Legal Disclaimer Disclaimer The information provided in this presentation pertaining to Wag! Group Co. ("Wag!" or the "Company"), its business strategy and operations is for informational purposes only at the date of this presentation. The information in this presentation does not purport to be complete and does not contain all the information that is or may be material to investors or potential investors. The information in this presentation should not be considered as advice an ...
Wag! (PET) - 2025 Q1 - Quarterly Results
2025-05-12 11:07
First Quarter 2025 Highlights: Exhibit 99.1 Wag! Reports First Quarter 2025 Results SAN FRANCISCO – (BUSINESS WIRE) – May 12, 2025 – Wag! Group Co. (the "Company" or "Wag!"; 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 financial results for the first quarter ended March 31, 2025. "We are pleased to begin 2025 with results slightly ahead of our expectations on profitability and in line with expect ...