Rover Group, Inc. - ROVR STOCK NEWS

On November 16, 2021, Rover Group, Inc. (NASDAQ: ROVR) announced a secondary public offering of 11,000,000 shares of its Class A common stock by stockholders connected to its earlier merger. The offering allows selling stockholders to resell shares with a 30-day option for underwriters to purchase an additional 1,650,000 shares. Rover will not benefit financially from this offering as proceeds go to the selling stockholders. The registration statement for the offering has been filed with the SEC but is not yet effective, meaning the shares cannot be sold until it is.

True Wind Capital, based in San Francisco, has successfully closed its second fund, True Wind Capital II, L.P., raising $817 million in equity commitments, surpassing its target. The firm, founded in 2015, focuses on technology investments across various sectors. Fund II includes notable Limited Partners from North America, Europe, and Asia. Significant investments already made include Rover Group (NASDAQ: ROVR) and AIA Contract Documents. True Wind's first fund raised $558 million in 2017, with investments in companies like Open Lending (NASDAQ: LPRO) and Zix (NASDAQ: ZIXI).

Rover Group, Inc. (NASDAQ: ROVR), the leading global pet care marketplace, has confidentially filed a draft registration statement on Form S-1 with the SEC for a proposed public offering of its Class A common stock. The offering will be managed by selling stockholders from Legacy Rover following its merger with Nebula Caravel Acquisition Corp. Proceeds will not benefit Rover, as all shares are sold by stockholders. The offering is expected to raise at least $100 million, with specifics on the number of shares and pricing still to be determined based on market conditions.

Rover Group, Inc. (NASDAQ: ROVR) reported third-quarter 2021 revenue of $35.2 million, a 31% increase from Q3 2019. The gross bookings value (GBV) reached a record $157.1 million, up 35%. New bookings totaled 259,000, marking a 32% year-over-year increase. Despite these gains, the company reported a GAAP net loss of $84.5 million due to a non-cash fair value adjustment related to its SPAC transaction. Rover anticipates 2021 revenue between $106 million and $110 million, with projected Adjusted EBITDA of $6 million to $9 million.

Rover Group, Inc. (Nasdaq: ROVR) will announce its third quarter 2021 financial results on November 8, 2021, after market close. A conference call and webcast will follow at 1:30 p.m. PT to discuss financial results and business outlook. The call will be accessible via toll-free numbers for US/Canada and an international line. A replay of the webcast will be available for at least 90 days post-event. Rover is the world’s largest online marketplace for pet care, connecting pet parents with service providers.

Rover Group (Nasdaq: ROVR), the largest online marketplace for pet care, will host a fireside chat at the Morgan Stanley Annual Spark Conference on October 13, 2021, at 4:15 p.m. ET in Los Angeles. The event will be accessible via a webcast, with an archived replay available on Rover’s investor relations website. Founded in 2011, Rover connects pet parents with providers for various services including overnight care and dog walking. For more information, visit https://www.rover.com.

Rover.com (NASDAQ: ROVR) has released its Best Dog-Friendly Companies 2021 report, highlighting workplaces that promote a dog-friendly culture. Amazon tops the list again, followed by newcomers like athenahealth and Trupanion. The report suggests a strong connection between pet-friendly policies and employee morale, with 64% of pet parents believing such companies care more about their staff. Companies with these benefits report improved hiring success (95%) and morale (93%). This trend reflects the growing importance of pets in American families, especially post-pandemic.

Rover Group (Nasdaq: ROVR), the largest online marketplace for pet care, will host a fireside chat at the Jefferies Virtual Pet Care Summit on September 16, 2021, at 12:20 p.m. ET. The event will be available via webcast and archived on Rover's investor relations website. Management will also conduct virtual one-on-one and small group meetings with institutional investors during the conference. Founded in 2011, Rover connects pet parents with providers for various services like boarding and dog walking.

Rover Group, a leading online pet care marketplace (NASDAQ: ROVR), will participate in upcoming investor conferences. Key presentations include the Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, and the D.A. Davidson 20th Annual Software & Internet Conference on September 9, 2021. A third event at the Deutsche Bank Technology Conference is scheduled for September 10, 2021 with the exact time to be announced. Investors can access live streams and replays via Rover's investor relations website.