Wag! reduces liquidity covenant; warns no strategic deal done; may seek bankruptcy protection

Wag! Group Co.

Amendment reduces minimum liquidity requirement but restricts use of additional available liquidity.
Board strategic review unable to consummate a transaction to satisfy obligations under financing agreement.
Negotiations with Retriever ongoing, but no assurance of full satisfaction before debt matures in August 2025.
If no deal, Retriever can enforce remedies, and Company may seek protection under bankruptcy laws.

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