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Organization
6 Months Ended
Jun. 30, 2017
Organization.  
Organization

Note 1:  Organization

PetIQ, Inc. (the “Corporation”, or “PetIQ”) was formed as a Delaware corporation on February 29, 2016. The Corporation was formed for the purpose of completing a public offering and related transactions in order to carry on the business of PetIQ, LLC, an Idaho limited liability company. The Corporation is the sole managing member of PetIQ Holdings, LLC (“Holdco”), a Delaware limited liability company which is the sole member of PetIQ, LLC (“Opco”) and, through Holdings, will operate and control all of the businesses and affairs of Opco and continue to conduct the business now conducted by Opco and its subsidiaries. The Corporation’s fiscal year end is December 31.

As described in more detail in Note 4: Subsequent Events, on July 26, 2017, PetIQ completed the initial public offering of 7,187,500 shares of our Class A common stock (the “Class A common stock”) at an offering price of $16.00 per share (“IPO”).