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Petco Announces Secondary Offering of Shares


Petco Announces Secondary Offering of Shares
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SAN DIEGO, May 24, 2021 /PRNewswire/ Petco Health and Wellness Company, Inc. (the Company or Petco ) (NASDAQ: WOOF), a complete partner in pet health and wellness, today announced that the Company s principal stockholder, Scooby Aggregator, LP (the Selling Stockholder ), intends to offer for sale 22,000,000 shares of the Company s Class A common stock in an underwritten secondary offering (the Offering ). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of Class A common stock. The Selling Stockholder will receive all of the proceeds from the Offering. The Company is not offering any shares of its Class A common stock in the Offering and will not receive any proceeds from the Offering, including from any exercise by the underwriters of their option to purchase additional shares. ....

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