CHW Acquisition called a July 28 meeting for shareholders to vote on its proposed merger with pet services marketplace Wag Labs. The SPAC’s registration statement has been declared effective by the SEC.
As announced in February, 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 to Wag. Existing Wag shareholders would hold approximately 65% of the combined company at closing when the company’s stock and warrants would begin trading on the Nasdaq under the ticker symbols PET and PETW. Read more.
