Dogness Agrees to Acquire 19.5% Stake in Petcare IoT Platform-February 2024-www.financetom.com

Dogness Agrees to Acquire 19.5% Stake in Petcare IoT Platform

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Dogness Agrees to Acquire 19.5% Stake in Petcare IoT Platform

May 26, 2025 10:15 AM

09:36 AM EDT, 05/19/2025 (MT Newswires) -- Dogness International ( DOGZ ) said Monday it agreed to acquire a 19.5% stake in petcare Internet of Things platform Dogness Intelligent Technology.

The company said it will acquire the stake from a Dogness Intelligent Technology shareholder in exchange for the company's 250,000 class A common shares, about 1.6 million pre-funded warrants to buy shares and up to 2 million maximum eligibility warrants to purchase shares.

Price: 17.80, Change: -0.40, Percent Change: -2.19

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