Mad Paws Holdings Limited (ASX:MPA) agreed to acquire Animal Magnetism Pty Ltd for AUD 25 Million on February 23, 2022. Initial consideration of AUD 20 million upfront consideration, out of which AUD 14.5 million in Mad Paws shares and AUD 5.5 million cash payment and potential deferred consideration of up to AUD 5 million. Upfront cash consideration funded from a fully supported Placement together with a subsequent SPP to raise up to AUD 7.1 million.
For the year ended 2021, Pet Chemist reported a Operating Revenue of AUD 5.4 Million. As on March 24, 2022, the transaction is expected to complete in early April 2022 subject to shareholder approval at the EGM on March 31, 2022.
Mad Paws Holdings Limited (Mad Paws) is an Australia-based company engaged in the pet services and products business. The Mad Paws marketplace matches and connects pet owners seeking pet care services, such as pet sitting, walking, day care and grooming, with pet sitters, walkers and other pet service providers, vetted and registered by Mad Paws. Mad Paws is leveraging its community to build a network that delivers other products and services to this community, including healthy human grade pet food through Dinner Bowl and toys and treats, through its Waggly brand. It operates an online only e-commerce division offering pet healthcare, prescription medicine, pet treats and specialty items to improve the everyday life of Australian pets, with brands including Pet Chemist, Waggly, Dinner Bowl and Sash beds. It enables pets to live their lives to the fullest, supporting owners through all stages of the pet lifecycle. The Mad Paws pet ecosystem supports over 300,000 active pet owners.
MAD PAWS HOLDINGS LIMITED 
