Dog-walking startup Wag Labs is in talks to go public through a merger with CHW Acquisition, reports Bloomberg.
The SPAC is in discussions to raise funds for a PIPE to support the transaction with Wag. The combined entity is set to have an enterprise value of about $350 million, and the transaction value is based on a multiple of projected revenue of about $42 million in 2022 and $71 million in 2023. Read more.
