other_material
confidence high
sentiment negative
materiality 1.00
Wag! Group receives Nasdaq delisting notice; equity to be canceled in Ch. 11 plan
Wag! Group Co.
- Nasdaq will suspend trading at open on July 30, 2025; Form 25-NSE to follow.
- Delisting due to Ch. 11 filing, failure to meet $1 bid price, $50M MVLS, $15M MVPH.
- Common stock & warrants expected to trade on OTC Pink Open Market.
- Ch. 11 plan proposes Retriever LLC to receive 100% of new common stock & $5M term notes; all existing equity canceled.
- Recent trading prices do not reflect pending cancellation of securities.
item 3.01