Pet Services marketplace Wag Labs closed its merger with CHW Acquisition.
The SPAC’s shareholders approved the deal July 28. Redemptions hit nearly 98%, however, CHW secured a $30 million term loan and $16 million PIPE in support of the deal — more than enough to satisfy the $30 minimum cash condition.
Wag! stock and warrants are expected to begin trading tomorrow under the new ticker symbols PET and PETWW on the Nasdaq.
The SPAC announced a $24 million FPA yesterday in further support of the deal. Read more.
