Pet Care App Wag! Can Tap $4M Of $6.5M DIP Loan

By Yun Park · July 22, 2025, 5:26 PM EDT

A Delaware bankruptcy judge on Tuesday granted interim approval for pet care app company Wag! to gain access to $4 million in postpetition financing, backed by its prepetition lender, which would...

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Bankruptcy Scorecard

Summary

The pet care app Wag! filed for bankruptcy, saying it expects to have a prepackaged restructuring plan confirmed in just over a month that will transfer ownership of the publicly traded company to its secured lender.

Case Number

25-11358

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$23.3 million

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Case Information

Case Title

Wag! Group Co.

Case Number

1:25-bk-11358

Court

Delaware

Nature of Suit

Date Filed

July 21, 2025