Pet care company Wag Labs to go public via $350 million SPAC deal –

We welcome feedback, which you can supply utilizing the feedback tab on the right of the page.Feb 3 (Reuters) – Wag Labs Inc, the developer of dog-walking app Wag!, said on Thursday it would go public by integrating with a blank-check company in an offer valued at $350 million.The merger with CHW Acquisition Corp (CHWA.O) will supply gross money earnings of almost $175 million to the combined company, which will be bulk owned by Wags shareholders.Wag And CHW investors have raised brand-new financing at $10 per share from Battery Ventures, ACME Capital, General Catalyst and Tenaya Capital. It raised $125 million in an initial public offering in August.Special purpose acquisition business (SPACs) like CHW are noted companies without any business operations but a swimming pool of capital that they make use of to combine with an individual company.