Wag! Group Co.: M&A transaction — Wag! Group sells Furscription e-prescription business for $5M to MWI Veterinary Supply Co.

Wag! Group Co.

Asset purchase agreement with MWI for $5M cash, including $500K holdback for indemnification.
Sale proceeds will be used to repay secured debt owed to Retriever LLC.
Company warns it may not satisfy all obligations under Financing Agreement and could seek bankruptcy protection.
Strategic review process did not result in an alternative transaction to fully satisfy debt obligations.
Retriever can exercise remedies against assets; no assurance of full repayment or continued operations.

item 1.01 item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Wag! Group Co. completed a disposition involving MWI Veterinary Supply Co. for $5,000,000 in cash (closed 2025-07-14).

Action: disposition
Counterparty: MWI Veterinary Supply Co.
Consideration: $5,000,000 in cash
Closing: 2025-07-14

Exact text from the filing

As consideration for the transaction, MWI has agreed to pay the Company $5,000,000 in cash

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Source: SEC EDGAR

accession 0001842356-25-000088

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