Pet care foster care and training company: Wag! Group Co.(PET)

Wag! Group Co. (NASDAQ: PET), founded in 2015 and headquartered in Los Angeles, California, USA, is an American pet service market company, providing support for the mobile priority technology platform, which supports on-demand and planned dog walking, training and other pet care services.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag! Group Co. (PET) US Equities Encyclopedia

Wag Labs (Wag! For short) It is an American pet care company that provides a technical platform to provide on-demand and planned dog walking, training and other pet care services through mobile applications. Wag！ The service is insured, and every pet carer must go through review procedures and extensive background checks before being approved to accept work on the platform. This application is called the Uber for Dogs. Wag! Donate part of the walking income to the rescue of GreaterGood.org bank So far, more than 10 million portions of food have been provided to dog shelters in the United States. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag! Try to become the first app for pet parents, providing five-star dog walking, pet care, expert pet advice and training for local pet care personnel nationwide. Wag! The community with more than 350000 pet care workers is the Pet People. Let pet parents happy is Wag! The mission of. Wag has more than 11 million pet care services and more than $300 million in total bookings in all 50 states, has a trustworthy experience record, and more than 96% of his services have won five star praise. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag！ It is a vertically integrated technology platform, providing on-demand dog walking, pet care, home visit, consultation with licensed pet experts, face-to-face and digital training services in 4600 cities in all 50 states, in addition to subscription and insurance comparison products. Wag! Our platform has more than 350000 approved pet care personnel in the United States. Through this platform, we have completed more than 11 million services, and so far, we have delivered more than 300 million dollars in total bookings. Wag！ Provide its users with an excellent experience, and create a highly loyal and engaged user group through a large amount of data to improve its cross selling and provide information for the expansion it provides. The company has experienced significant growth since its inception, thanks to its proven ability to diversify its target markets to unleash new consumption opportunities, as evidenced by the recently launched subscription products and its expansion to health services in 2021. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag！ It is a leader in providing on-demand pet services and changing the pet industry by simplifying pet care. Wag takes the lead with its mobile priority platform and foundation based on data science and automation functions! It is integrating the pet health and service industry online through its mobile applications. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

About 70% of American families have pets, which is equivalent to about 90.5 million families. As a company rapidly expanding in the large durable pet health and service market, Wag! Is expected to achieve $42 million in revenue by 2022, an increase of 120% year on year from 2021. The repurchase rate reached 90%, the net recommendation value of pet parents SM (NPS) was between 65 and 70, and the net recommendation value of pet parents SM (NPS) was between 45 and 55. Wag! Created a compelling and trustworthy consumer brand. After the merger and listing, the company will continue to be led by Garrett Smallwood, its CEO, and Adam Storm, its president and chief product officer. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

This transaction will support Wag! Our mission is to accelerate the online integration of the $44 billion pet health and service industry, make it easier for people with pets to obtain them, and bring joy to pets and people who love them. With its eye-catching consumer brand, loyal user base and vertically integrated technology platform, Wag! Has the ability to become the No. 1 pet health market. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag! Group Co. Investment Highlights

• TAM opportunities worth US $44 billion in the fast-growing US pet health and service industry.
• Market leading products and execution. With a wide range of service products, the Wag! Platform is a one-stop shop for high-quality pet services, including dog walking, door-to-door visits, boarding, raising pets at home, face-to-face and digital training, insurance comparison tools, health and health.
• Seamless user experience. Pet care technology platform, more than 96% of the services received 5 stars.
• Mature technology platform with clear growth momentum. These include accelerating the growth of the existing market, expanding subscription services, taking advantage of its powerful platform and international development, and expanding through opportunistic mergers and acquisitions to achieve growth and industry integration.
• Highly scalable vertical integration platform, ready for profitable growth. It is predicted that the compound annual growth rate from 2021 to 2023 will be at least 70%, the revenue is expected to grow to more than 70 million dollars, and it is expected to achieve positive adjustment of EBITDA in the second quarter of 2024, while achieving a long-term adjusted EBITDA profit margin of more than 10%.
• Successful subscription business. Wag! 's products are subscribed by its monthly or annual service Wag! Premium， It accounts for 40% of its active users.
• Flexible business model. Despite the global pandemic, Wag! The queue in 2020 and 2021 is the strongest in the company's history, which benefits from higher adoption rate, namely Wag! 's launch! High quality and improved cross selling.

yes Covid-19 's response

In March 2020, Wag! Created a new type of product called Wag! New service type of! Now it can meet the various pet care needs of San Francisco pet owners. The service was later released throughout the United States and Wag! And GreaterGood Org cooperated to create the # stayhomeandfoster initiative, linking independent contractors with dog and cat rescue and shelter, and providing supplies and foster pets for foster families. As part of the initiative, Olivia Munn linked Henry Golding "with Wag! And GreaterGood.org. The two groups were able to find a perfect match for Golding in Stella, a shelter dog of START Animal Rescue." The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

In the last week of February 2020, Wag! Decided to let all employees start working at home in all office locations, and released a communication to pet owners and independent contractors on how to best complete social distance walking. According to Adweek, "The pet care app Wag sent an email to its users to encourage pet owners to communicate through the chat function in the app and fasten the dog's safety belt and leash in advance, thus limiting interaction with dog walkers. According to Wag, nearly 70% of its services are completed through password boxes or hidden keys. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Wag! Group Co. (PET) is listed:

On February 3, 2022, Wag Labs and Special purpose acquisition company CHW Acquisition Corporation (NASDAQ: CHWA) announced that they had signed the final business merger agreement, valuing the merged company at $350 million. CHW focuses on the consumer and retail sectors, led by Jonah Raskas and Mark Grundman as co CEOs and Paul Norman as president. After the transaction is completed, the merged company is expected to be named Wag! Group Co. is expected to be listed on NASDAQ with the stock code of "PET". The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/pet.html

Assuming that CHW shareholders did not redeem, the transaction will bring about a total cash income of about 175 million dollars for the merged company, thus making Wag! In order to organically accelerate its growth plan and further consolidate the pet health and service market through opportunistic mergers and acquisitions, the existing shareholders of Wag! Will hold about 65% of the shares of the merged company. With regard to business merger, Wag! And CHW intend to grant the shares of the merged company to selected pet carers, so that these carers can participate in the future success of the merged company.

The board of directors of Wag and CHW unanimously agreed on this transaction. The transaction is expected to be completed in the second quarter of 2022.

On July 28, 2022, CHW Acquisition Corp. (NASDAQ stock code: CHWA) announced in its press release this afternoon that its shareholders had approved its merger with dog care service platform Wag at the special meeting held earlier today.

Wag! Group Co. (PET) History Encyclopedia

On April 20, 2022, Wag! Announced record results for the first quarter of 2022. Wag Labs, Inc., an American pet service market company, provides support for the mobile priority technology platform, which supports on-demand and planned dog walking, training and other pet care services. Today, it announced its financial results for the first quarter ended March 31, 2022. Total bookings increased by 141% to $17.5 million, compared with $7.3 million in the first quarter of 2021, while revenue increased by 273% to $9.7 million, compared with $2.6 million in the first quarter of 2021.

On January 3, 2023, Wag! Group Co. (NASDAQ stock code: PET) announced that it had reached an agreement with Clicks and Traffic LLC to purchase its Dog Food Advisor assets with a cash payment of $9 million. The transaction is expected to be completed in the first quarter.

Wag! Group Co. (PET) US equity investment