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CHW Acquisition Wins Shareholder Nod for Merger Transaction with Pet Services Marketplace Wag.

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MANews-(C)2009-2022

Shareholders of US-based special purpose acquisition company CHW Acquisition Corp. (NASDAQ: CHWA) have voted to approve its proposed business combination with American pet services marketplace company Wag Labs, Inc, the company said.

At the closing of the business combination, which is expected to occur as soon as practicable after all closing conditions are satisfied or waived, the common stock and warrants of the combined company are set to begin trading on NASDAQ under the new ticker symbol, "PET" and "PETW," respectively.

US-based pet services marketplace company Wag Labs, Inc, with a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, and blank check company CHW (NASDAQ: CHWA), have signed a definitive business combination agreement, the companies said.

CHW is focused within the consumer and retail sectors and is led by Jonah Raskas and Mark Grundman, who serve as co-CEOs, as well as Paul Norman, who serves as president.

Upon the closing of the transaction, the combined company is expected to be named Wag! Group Co. and is expected to be listed on the NASDAQ under the new ticker symbol "PET."

Wag! is a vertically integrated technology platform, offering access to, among other services, on-demand dog walking, pet sitting, drop-in visits, consultations with licensed pet experts and both in-person and digital training services across 4,600 cities in all 50 states, in addition to subscription and insurance comparison offerings.

Wag!'s platform has over 350,000 approved pet caregivers across the US, has completed over 11m services through the platform, and has delivered over USD 300m total bookings to date.

The company will continue to be led by its...

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