- CHW Acquisition (CHWA) has announced that its shareholders have voted in favor of its proposed business combination with Wag! These are the details.
CHW Acquisition (CHWA), a publicly traded special purpose acquisition company (SPAC), announced that shareholders of CHW Acquisition have voted in favor of its proposed business combination with Wag Labs (known as Wag!), an American pet services company that powers a mobile-first technology platform that enables walking, training, and other on-demand and scheduled pet care services.
At the Extraordinary General Meeting, a total of 13,050,501 Common Shares, or 83.19% of the issued and outstanding Common Shares of CHW Acquisition Corporation as of June 28, 2022, the record date of the Extraordinary General Meeting, were present in person or represented by proxy. And the holders of 12,346,984 common shares, or 94.60% of the votes cast at the meeting, voted for the business combination.
Public shareholders of CHW Acquisition had the right to elect to redeem all or a portion of their common stock at a price per share calculated in accordance with its organizational documents. The public shareholders of CHW Acquisition holding 12,222,922 common shares, or 97.78% of all public shares outstanding, have validly elected to redeem their public shares.
Upon closing of the business combination, which is expected to occur as soon as practicable after all closing conditions have been satisfied or waived, the combined company’s common stock and warrants are expected to begin trading on the Nasdaq under the new ticker symbol, “PET” and “PETW”, respectively.