- The shareholders of special purpose acquisition company, CHW Acquisition ( NASDAQ: CHWA ), have approved a proposed business combination with the pet services marketplace company Wag Labs.
- A total of 94.60% of the votes casted by the holders of roughly 83.19% of the SPAC's issued and outstanding ordinary shares as of Jun. 28, present at the extraordinary general meeting, voted in favor of the business combination.
- The business combination is expected to close as soon as practicable, and the common stock and warrants of the combined company are set to begin trading on Nasdaq under the new ticker symbol PET and PETW, respectively.
- Shares were trading +10.92% pre-market.
- Source: Press Release
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CHW Acquisition shareholders approve business combination with Wag Labs