Wag! Group Co. Sells Veterinary E-Prescription Business to MWI for $5 Million

Reuters07-15

<a href="https://laohu8.com/S/PETWW">Wag! Group Co.</a> Sells Veterinary E-Prescription Business to MWI for $5 Million

On July 14, 2025, Wag! Group Co. announced the completion of an asset purchase agreement with MWI Veterinary Supply Co. Under this agreement, MWI acquired Wag Labs, Inc.'s software and business for veterinary e-prescriptions, known as Furscription, for $5 million in cash. This acquisition includes all related contracts, software, equipment, computers, accounts receivable, employees, and intellectual property. A portion of the payment, $500,000, is held back for any potential indemnification obligations, with any unused funds to be released after 18 months. The proceeds from this sale will be used to repay Wag! Group Co.'s debt to its secured creditor, Retriever LLC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wag! Group Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001842356-25-000088), on July 15, 2025, and is solely responsible for the information contained therein.

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Group Co</a>. announced the completion of an asset purchase agreement with MWI Veterinary Supply Co. Under this agreement, MWI acquired Wag Labs, Inc.'s software and business for veterinary e-prescriptions, known as Furscription, for $5 million in cash. This acquisition includes all related contracts, software, equipment, computers, accounts receivable, employees, and intellectual property. A portion of the payment, $500,000, is held back for any potential indemnification obligations, with any unused funds to be released after 18 months. The proceeds from this sale will be used to repay Wag! Group Co.'s debt to its secured creditor, Retriever LLC.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Group Co. Sells Veterinary E-Prescription Business to MWI for $5 Million\n    \n\n        On July 14, 2025, Wag! Group Co. announced the completion of an asset purchase agreement with MWI Veterinary Supply Co. Under this agreement, MWI acquired Wag Labs, Inc.'s software and business for veterinary e-prescriptions, known as Furscription, for $5 million in cash. This acquisition includes all related contracts, software, equipment, computers, accounts receivable, employees, and intellectual property. A portion of the payment, $500,000, is held back for any potential indemnification obligations, with any unused funds to be released after 18 months. The proceeds from this sale will be used to repay Wag! Group Co.'s debt to its secured creditor, Retriever LLC.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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