Wag Labs, Inc., a pet services marketplace company powering a mobile-focused technology platform that enables walking, training and other on-demand and scheduled pet care services, announced today the launch of his Wag! Community sharing program.
With the Program, Wag! is pioneering a new method of charitable giving for the pet care community and non-profit pet organizations.
Upon the closing of its previously announced SPAC agreement with CHW Acquisition Company CSA, Wag! will reserve up to 300,000 common shares for the program, which will be organized and administered by Robin Hood Markets Inc. HOOD subsidiary Robinhood Financial LLC and DonateStock, a fintech philanthropy company.
“As we strive to become a publicly traded company, we are excited to launch a first-of-its-kind stock donation program for pet caregivers and nonprofit organizations in the United States” , said Garrett Smallwood, CEO of Wag! “The pet care community has been key to our continued growth and success and we look forward to the opportunity to provide them with this unique benefit as Wag! shareholders through our work with Robin Hood and DonateStock. »
Steve Weirdhead of brokerage at Robin Hood, said: “We are delighted to help Wag! distributing shares to pet caregivers, as it aligns closely with our mission to democratize finance for all.
Stir! notes that throughout the company’s history, it has been dedicated to improving the quality of life for all pets, providing more than 16.5 million pet meals through a partnership with the Greater Good GOODS program.
As part of Wag! ‘s and CHW, which is expected to close later this quarter, this new community equity program further builds on the company’s commitment to charitable giving and advances Wag! ‘s supports non-profit pet organizations that support animals and pets in need.
Stir! will also include the community of animal caretakers on the Wag! Community sharing program platform.