On July 8, 2025, Wag! Group Co. announced an amendment to its existing financing agreement originally dated August 9, 2022. This amendment involves key changes to the agreement with Blue Torch Finance LLC and Retriever LLC, who had taken over the agreement in April 2025. The amendment reduced the liquidity requirement that Wag! must maintain and imposed restrictions on how the additional available liquidity can be utilized. This development is part of Wag!'s ongoing efforts to explore strategic alternatives to meet its financial obligations, as the company continues negotiations with Retriever. However, the company cautions that there is no guarantee of reaching a resolution that would satisfy its obligations under the financing agreement before it matures in August 2025.
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