Item 1.01. Entry into a Material Definitive Agreement
OnDecember 27, 2022 ,Wag! Group Co. (the "Company"), through its subsidiaryWag Labs, Inc. , entered into an asset purchase agreement (the "Agreement") withClicks and Traffic LLC ("Seller") pursuant to which the Company agreed to purchase substantially all of the Seller assets used in Seller's business in exchange for cash consideration of$9 million . The transaction, which remains subject to customary closing conditions, is expected to close during the first quarter of 2023. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Agreement, a copy of which is attached hereto as Exhibit 10.1, and the entirety of which is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure
OnJanuary 3, 2023 , the Company issued a press release announcing the entrance into the Agreement described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company also posted to its website at https://investors.wag.co/ an Investor Presentation related to the transaction. A copy of the Investor Presentation is furnished as Exhibit 99.2 to this Current Report on Form 8-K. The information contained in Item 7.01 of this Form 8-K (including Exhibits 99.1 and 99.2 attached hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing. 2
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Item 9.01 Financial Statements and Exhibits.
(d)Exhibits. Exhibit No. Exhibit 10.1 Asset Purchase Agreement, dated December 27 , 2022 by and between Wag Labs, Inc. as Buyer, and Clicks and Traffic LLC, as Seller. 99.1 Press Release, dated January 3, 2023 99.2 Dog Food Advisor, Investor Presentation 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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