Wag! Group Co gains as VC firm reports stake

Wag! Co

22/08/2022 13:00

** Shares of pet services marketplace company Wag! Group Co
 PET.O  rise 8.5% to $5.63 premarket
    ** Scott Stanford, co-founder and partner at ACME Capital
reports 14.1% passive stake in PET in a filing on Friday
    ** Reports stake of over 5.3 mln shares (https://bit.ly/3Akv84G)
    ** Last week, PET reported Q2 revenue growth of over 250%,
raised revenue forecast and slashed loss before interest, tax,
depreciation and amortization  urn:newsml:reuters.com:*:nGNX5fgGSn
    ** As of last close, company's shares down ~47% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti))