CHW Acquisition today in an S-4 filing presented a preliminary proxy outlining its proposed merger with pet services marketplace Wag Labs. Announced last month, the transaction values the combined company at a pro forma enterprise and equity value of approximately $350 million.
Wag offers a platform that enables on-demand and scheduled dog walking, training, and other pet care services.
Assuming CHW shareholder approval and no redemptions, the transaction would deliver approximately $175 million in gross cash proceeds to Wag. Existing Wag shareholders would hold approximately 65% of the combined company on closing. Read more.
