Emerges as Privately Held Company Backed by Retriever LLC Company Enters Next Phase of Growth with Strengthened Balance Sheet SAN FRANCISCO, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Wag! Group Co. (the “Company” or “Wag!”), which strives to be the number one platform for service, product, and wellness needs of the modern U.S. pet household, today announced it has successfully emerged from Chapter 11 bankruptcy following the U.S. Bankruptcy Court for the District of Delaware’s confirmation of its pre-packaged Plan ...

Core Viewpoint - Wag! Group Co. is pursuing a comprehensive balance sheet restructuring through a voluntary, pre-packaged Chapter 11 process to reduce debt and transition ownership to its primary secured lender, Retriever LLC, aiming for long-term success under private ownership [1][2][3] Group 1: Chapter 11 Process - The pre-packaged plan of reorganization is designed to be implemented on an accelerated basis, with Wag! expecting to emerge from Chapter 11 within approximately 40 days [2] - The plan requires approval from the U.S. Bankruptcy Court for the District of Delaware, and Wag! believes it has a clear path toward confirmation and emergence [4] Group 2: Financial Support and Operations - The company has secured debtor-in-possession (DIP) financing from Retriever LLC, which, along with cash generated from ongoing operations, is expected to provide liquidity during the court-supervised process [3] - Retriever LLC has committed to provide exit financing as part of the reorganization plan, reinforcing the company's path to a stable and well-capitalized emergence [3] Group 3: Company Overview - Wag! Group Co. aims to be the leading platform for the service, product, and wellness needs of modern U.S. pet households, having pioneered on-demand dog walking in 2015 [6] - The company operates several platforms, including Petted, Dog Food Advisor, WoofWoofTV, and maxbone, catering to various pet-related services and products [6]

Core Viewpoint - Wag! Group Co. has sold its Furscription business to MWI Veterinary Supply Co. to strengthen its financial position and focus on core offerings, reflecting ongoing efforts to maximize shareholder value [1][2][3] Group 1: Transaction Details - The Furscription business was sold for cash considerations, including the brand, e-prescribing technology, and related assets [2] - The transaction closed on July 14, 2025, and involved the transfer of four Wag! employees to MWI [2] Group 2: Strategic Implications - The CEO of Wag! expressed confidence in MWI's ability to enhance Furscription's market potential and emphasized the importance of this transaction in streamlining Wag!'s focus on services and wellness [3] - The sale is part of Wag!'s strategic review aimed at enhancing shareholder value and optimizing capital structure [3] Group 3: Company Background - Wag! Group Co. aims to be the leading platform for pet service, product, and wellness needs in the U.S., having pioneered on-demand dog walking in 2015 [4] - The company operates various platforms, including Petted, Dog Food Advisor, WoofWoofTV, and maxbone, catering to a wide range of pet-related services [4] Group 4: Furscription Overview - Furscription is a digital tool designed to streamline the prescription process for veterinarians, offering features like e-prescribing and prescription management [5] Group 5: MWI Veterinary Supply Co. - MWI is a global provider of veterinary products and services, focusing on innovative solutions that support veterinarians and animal healthcare [6]

SAN FRANCISCO, May 12, 2025 (GLOBE NEWSWIRE) -- 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. Wag!'s First Quarter Results Conference Call Wag! will host a conference call and live webcast today, May 12, 2025, at 8:30am ET to discuss financial results. Investors and analysts interested in partici ...

Company Overview - Wag! Group Co. aims to be the leading platform addressing the service, product, and wellness needs of modern U.S. pet households [3] - The company pioneered on-demand dog walking in 2015 with the Wag! app, which connects users to over 500,000 Pet Caregivers nationwide [3] - Wag! Group Co. operates several platforms including Petted (pet insurance comparison), Dog Food Advisor (pet food reviews), WoofWoofTV (pet content), maxbone (pet essentials), and Furmacy (pet prescriptions) [3] Financial Results Announcement - The company will report its first quarter 2025 financial results before the market opens on May 12, 2025 [1] - A conference call to discuss the financial results will be held at 8:30 a.m. Eastern Time on the same day [1] Investor Participation - Investors and analysts can participate in the conference call by dialing 800-717-1738 (or 1-646-307-1865 for international callers) approximately 10 minutes prior to the call [2] - A live audio webcast of the conference call will be available online, with a recorded replay accessible for 90 days after the call [2]