Wag! Group Co. Announces Proposed Public Offering Of Common Stock; No Size Or Amount Disclosed
Portfolio Pulse from Benzinga Newsdesk
Wag! Group Co. (NASDAQ:PET) has announced a proposed public offering of its common stock. The size and amount of the offering have not been disclosed. The proceeds will be used to repay debt and for general corporate purposes. Craig-Hallum Capital Group LLC is the sole managing underwriter.
July 16, 2024 | 8:01 pm
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Wag! Group Co. has announced a proposed public offering of its common stock. The offering's size and amount are not disclosed. Proceeds will be used to repay debt and for general corporate purposes.
The announcement of a public offering typically leads to a short-term decrease in stock price due to potential dilution of existing shares. The lack of disclosed size and amount adds uncertainty, which may further pressure the stock.
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