CHW Acquisition : Statement of Changes in Beneficial Ownership - Form 4
August 09, 2022 at 07:44 pm
Share
Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)
The restricted stock awards ("RSAs") vest in 16 equal quarterly installments, with a one year cliff beginning on August 6, 2021.
(2)
Received in exchange for 87,077 RSAs of Wag Labs, Inc. RSAs that automatically converted into shares of Wag! Group Co. Common Stock on a 1 for 0.97 basis in connection with merger of Wag Labs, Inc. into Wag! Group Co. (the "Business Combination") upon the closing date of the Business Combination.
(3)
The Business Combination Agreement provides that certain eligible company equity holders will receive earn-out shares as additional consideration for the company interests acquired in connection with the Business Combination, for no consideration, after certain triggering events as defined in the Business Combination Agreement. The reporting person's right to receive additional shares pursuant to this earn-out right became fixed on August 9, 2022, the effective date of the Business Combination.
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CHW Acquisition Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 23:43:03 UTC.
CHW Acquisition Corporation is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and has not, nor has anyone on behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The Company intend to focus search on the consumer sector and consumer-related businesses. The Company has not commenced any operations nor generated any revenues.