Rover Group

Rover Group, Inc. is an online marketplace for pet care that connects dog owners with local dog sitters. Its services include dog boarding, in-home pet sitting, doggy daycare, dog walking, drop-in visits, and grooming. The firm builds a platform and mobile app to enable pet parents to discover, book, pay, and review loving pet care providers online and eliminates many of the barriers of pet ownership. The company was founded on June 16, 2011 and is headquartered in Olympia, WA.

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Rover Group excels in Q4 2022, eyes international growth in 2023

Rover Group's Q4 2022 performance reflects strong financials, record bookings, and strategic growth initiatives, setting a positive trajectory for 2023.
While facing challenges in market dynamics and evolving customer behaviors, the company's proactive measures and strategic focus on international growth position it well for the future.
Opportunities lie in untapped market segments, international expansion, and operational enhancements, offering avenues for sustained growth and profitability.
With a solid foundation from 2022 and a clear roadmap for 2023, Rover Group is poised for continued success through strategic investments and market expansion.

Rover Group posts robust Q1 results, eyes pricing optimization

Rover Group's Q1 performance reflects strong financial results, positive adjusted EBITDA, and strategic growth initiatives.
The company's focus on customer experience enhancement and international expansion bodes well for future profitability and market positioning.
Challenges in pricing strategies and market dynamics require careful navigation, but opportunities in pricing optimization and market expansion are evident.

Rover Group (ROVR) reports stellar Q2 results, raises full-year guidance

Rover Group's Q2 2023 performance reflects strong growth momentum, operational efficiency, and strategic investments driving financial success. The company's focus on product enhancements, international market expansion, and cost management positions it well for sustained growth and profitability.
While challenges such as macroeconomic uncertainties and marketing efficiency persist, Rover Group's ability to adapt investment strategies and monitor key metrics will be critical in navigating potential headwinds and seizing growth opportunities.

Rover Group posts strong Q3 earnings, raises guidance for 2023

Rover Group's Q3 2023 earnings call highlighted robust financial performance, strong customer acquisition, and effective cost management, positioning the company for continued growth and success.
The company's strategic strengths in new business development, marketing, and partnerships, coupled with raised guidance for 2023, underscore confidence in future prospects and financial outlook.
While challenges such as market dynamics and competition persist, Rover Group has opportunities to capitalize on its current momentum, optimize operations, and drive further growth through strategic initiatives.

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Rover Group, Inc. engages in the development and operation of an online marketplace for pet care that connects dog owners with local dog sitters. Its services include dog boarding, in-home pet sitting, doggy daycare, dog walking, drop-in visits, and grooming. The firm builds a platform and mobile app to enable pet parents to discover, book, pay, and review loving pet care providers online and eliminates many of the barriers of pet ownership. The company was founded by Aaron Patrick Easterly on June 16, 2011 and is headquartered in Seattle, WA.

SEATTLE, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that as of January 10, 2022, approximately 4.9 million of Rover 's approximately 8.1 million outstanding public and private warrants (the “Warrants”) have been exercised. As previously announced on December 13, 2021, Rover provided notice to the registered holders of the Warrants that their Warrants will be redeemed in accordance with the terms of the warrant agreement governing the Warrants if they are not exercised before 5:00 p.m. New York City time on January 12, 2022 (the “Redemption Date”).

Rover Group, Inc. Reminds Warrant Holders of Upcoming Redemption Date on January 12, 2022

SEATTLE, Jan. 05, 2022 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that management will present at the 24th Annual Needham Virtual Growth Conference on January 14, 2022 at 9:30 AM PT (12:30 PM ET).

Rover to Participate in the Needham Growth Conference on January 14, 2022

SEATTLE, Jan. 05, 2022 (GLOBE NEWSWIRE) -- In a release issued under the same headline on December 29, 2021 by Rover Group, Inc. (NASDAQ: ROVR), please note that in the bulleted section in the fifth paragraph, the Redemption Fair Market Value of $10.12 should have been  $10.14; and the 0.2544 shares of Class A Common Stock holders would receive should have been 0.2558 shares. The corrected release follows:

CORRECTION -- Rover Group, Inc. Announces “Redemption Fair Market Value” in Connection With Redemption of its Outstanding Warrants

SEATTLE, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced the “Redemption Fair Market Value” in connection with its previously announced redemption of its outstanding Warrants (as defined below). The Redemption Fair Market Value will be used to determine the number of shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), that will be issued on a “cashless” exercise of a Warrant subject to the terms of the Warrant Agreement (as defined below).

Rover Group, Inc. Announces “Redemption Fair Market Value” in Connection With Redemption of its Outstanding Warrants

SEATTLE, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that it will redeem all of its outstanding public warrants (the “Public Warrants”) to purchase shares of Rover's Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), that remain outstanding at 5:00 p.m. New York City time on January 12, 2022 (the “Redemption Date”) for a redemption price of $0.10 per Public Warrant. The Public Warrants were issued under the Warrant Agreement, dated December 8, 2020, by and between Rover (f/k/a Nebula Caravel Acquisition Corp. (“Caravel”)) and American Stock Transfer & Trust Company, LLC, as warrant agent (the “Warrant Agent”), as amended by the First Amendment to Warrant Agreement, dated December 10, 2021, by and between Rover and the Warrant Agent (as amended, the “Warrant Agreement”), as part of the units sold in Caravel's initial public offering (the “IPO”). The Public Warrants are listed on Nasdaq under the symbol “ROVRW.” In addition, Rover will redeem all of its outstanding warrants to purchase shares of Class A Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO (the “Private Warrants” and, together with the Public Warrants, the “Warrants”) on the same terms as the outstanding Public Warrants.

Rover Group, Inc. Announces Redemption of All Outstanding Warrants

SEATTLE, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced the closing of its previously announced underwritten public offering of 6,900,000 shares of its Class A common stock by certain selling stockholders at a price to the public of $10.00 per share, which includes the full exercise of the underwriters' option to purchase 900,000 shares of Rover's Class A common stock from certain of the selling stockholders. Rover will not receive any proceeds from any sales of shares by the selling stockholders.

Rover Announces Closing of Follow-On Public Offering and Exercise in Full of the Underwriters' Option to Purchase Additional Shares

The company announced a secondary public share offering.

Why Rover Group Stock Jumped 10% Today

SEATTLE, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced the pricing of its previously announced underwritten public offering of 6,000,000 shares of its Class A common stock by stockholders of Rover that were investors in A Place for Rover, Inc. prior to its merger with Nebula Caravel Acquisition Corp. at a price to the public of $10.00 per share. In addition, certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Class A common stock on the same terms and conditions. The offering is expected to close on November 23, 2021, subject to customary closing conditions. Rover will not receive any proceeds from any sales of shares by the selling stockholders.

Rover Announces the Pricing of Follow-On Offering by Selling Stockholders

SEATTLE, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that management will present and host one-on-one investor meetings at the following investor conferences:

Rover to Participate in Upcoming Virtual Investor Conferences

SEATTLE, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that it has commenced a secondary public offering of its Class A common stock pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (the “SEC”). 11,000,000 shares of Class A common stock will be offered by stockholders of Rover that were investors in A Place for Rover, Inc. prior to its merger with Nebula Caravel Acquisition Corp. and are subject to restrictions on the resale of the shares they acquired in connection with the merger. In addition, the underwriters of the offering will have a 30-day option to purchase up to an additional 1,650,000 shares of Class A common stock from certain of the selling stockholders. Rover will not receive any proceeds from the sale of the shares by the selling stockholders.

Rover Announces Launch of Secondary Offering

SEATTLE, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to a proposed public offering of its Class A common stock. All of the shares will be sold by stockholders of Rover that were investors in A Place for Rover, Inc. (“Legacy Rover”) prior to its merger with Nebula Caravel Acquisition Corp. and are subject to restrictions on the resale of the shares they acquired in connection with the merger. Rover will not receive any proceeds from the sale of Class A common stock by the selling stockholders. Legacy Rover stockholders that are subject to such restrictions and hold at least 50,000 shares of our Class A Common Stock as of November 1, 2021 (subject to certain exceptions) will be given the opportunity to participate in the secondary offering. All other Legacy Rover securityholders that are subject to such restrictions will be released from the transfer restrictions to the same extent as those that choose to participate.

Rover Announces Confidential Submission of Draft Registration Statement for Secondary Offering

Rover Group, Inc. (ROVR) CEO Aaron Easterly on Q3 2021 Results - Earnings Call Transcript

SEATTLE, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world's largest online marketplace for pet care, today announced financial results for the third quarter ended September 30, 2021.

Rover Reports Third Quarter 2021 Financial Results

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SEATTLE, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (Nasdaq: ROVR) (“Rover”), the world's largest online marketplace for pet care, today announced that it will report third quarter 2021 financial results after market close on Monday, November 8, 2021. On the same day, management will host a conference call and webcast to discuss Rover's financial results, recent developments and business outlook at 1:30 p.m. PT (4:30 p.m. ET).

Rover to Announce Third Quarter 2021 Financial Results on November 8, 2021

SEATTLE, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Rover Group, Inc. (Nasdaq: ROVR) (“Rover”), the world's largest online marketplace for pet care, today announced that management will host a fireside chat at the Morgan Stanley Annual Spark Conference on October 13, 2021 at 4:15 p.m. ET (1:15 p.m. PT) in Los Angeles, CA.

Rover to Participate in the Morgan Stanley Spark Conference on October 13, 2021

Amazon, athenahealth and Trupanion Lead the Nation in Best Dog-Friendly Companies as Businesses Notice Improved Recruitment, Morale and Culture with Added Pet Benefits Amazon, athenahealth and Trupanion Lead the Nation in Best Dog-Friendly Companies as Businesses Notice Improved Recruitment, Morale and Culture with Added Pet Benefits

Rover Unveils the Best Dog-Friendly Companies of 2021

People like to spend money on their pets, and this company could be a big winner.

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