Case filing & court posture: Wag! Group Co., a pet care marketplace platform, filed a prepackaged Chapter 11 on July 21, 2025 in Delaware (Case No. 25-11358). Dkt. 1 Judge Thomas M. Horan presides.
Liquidity & financing path: The debtors obtained a $6.5 million DIP facility from Retriever LLC (successor to Blue Torch Finance). Dkt. 36 Interim DIP order entered July 22, 2025; Dkt. 64 final order entered August 5, 2025.
Restructuring outcome: The prepackaged plan was confirmed on August 29, 2025. Dkt. 110 Secured lenders received 100% of new equity plus $5 million in new notes, general unsecured creditors were paid in full, and existing equity was cancelled.
Plan effective date & emergence: The plan became effective on September 1, 2025. Dkt. 114 The reorganized debtors emerged under new capital structure.
Current status: The case was closed by final decree entered September 25, 2025. Dkt. 138
