Wag! Group Co. has announced a recapitalization transaction with Retriever LLC as part of a voluntary, pre-packaged Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware. This restructuring aims to reduce debt and transition ownership to Retriever, ensuring the company's long-term success under private ownership. Operations will continue without interruption during the restructuring process. Wag! has secured debtor-in-possession financing from Retriever LLC to maintain liquidity and meet business obligations. Additionally, Retriever has committed to providing exit financing, supporting Wag!'s emergence with a strengthened financial foundation. The plan is pending approval by the court, and Wag! is optimistic about a successful confirmation and emergence.
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: 0001842356-25-000090), on July 21, 2025, and is solely responsible for the information contained therein.
Comments