Petco Health and Wellness (WOOF) Prices 22M Share Offering at $24

Petco Health and Wellness Company, Inc.(NASDAQ: WOOF) announced the pricing of the previously announced underwritten secondary offering by the Company's principal stockholder, Scooby Aggregator, LP, of 22,000,000 shares of the Company's Class A common stock at a price to the public of $24.00 per share. In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its 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 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.

Goldman Sachs & Co. LLC and BofA Securities are acting as joint lead book runners for the Offering. Citigroup, Evercore ISI, Credit Suisse, UBS Investment Bank and Wells Fargo Securities are acting as joint book runners, and Baird, Guggenheim Securities, AmeriVet Securities, C.L. King & Associates, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and Siebert Williams Shank are acting as co-managers for the offering.

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