Chapter 11 bankruptcy reorganization
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Wag! Group Co. Successfully Completes Pre-Packaged Chapter 11 Plan of Reorganization
GlobeNewswire News Roomยท 2025-09-02 10:00
Core Insights - Wag! Group Co. has successfully emerged from Chapter 11 bankruptcy and is now a privately held company owned by Retriever LLC, which provided financial support during the reorganization process [1][2][3] - The company aims to strengthen its financial foundation and invest in business growth while continuing to serve its customers and execute long-term strategic priorities [2][3] Company Overview - Wag! Group Co. is focused on becoming the leading platform for service, product, and wellness needs of modern U.S. pet households, having pioneered on-demand dog walking in 2015 [5] - The company operates several platforms, including Petted, Dog Food Advisor, WoofWoofTV, and maxbone, catering to various aspects of pet care and wellness [5] Financial Restructuring - The confirmed Plan of Reorganization allowed Retriever to assume ownership and provide new equity capital and exit financing, ensuring operational continuity during the bankruptcy process [2][3] - The restructuring process was completed in approximately 40 days, allowing the company to maintain business operations and customer service throughout [2][3] Future Outlook - With a stronger balance sheet, Wag! is positioned for sustainable long-term growth as a privately held business, focusing on innovation and exceptional customer experience in the pet care market [3]