Company: GROVW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025541
Chunk: 161

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 161
---
 31,20252024Redeemable convertible preferred stock12,500,097 4,739,336 Restricted stock units5,762,789 5,264,057 Public Warrants and Private Placement Warrants2,800,146 2,800,146 Earn-Out Shares2,602,412 2,602,412 Options1,651,999 1,812,762 Common Stock Warrants473,895 2,598,554 ESPP Shares127,455 199,224 Total25,918,793 20,016,491 

25

Table of ContentsGrove Collaborative Holdings, Inc.Notes to Condensed Consolidated Financial Statements (continued)(Unaudited)

13.    Subsequent Events

On May 8, 2025, the Company entered into the 2025 Siena Amendment. The 2025 Siena Amendment extends the maturity date of the Siena Revolver to April 10, 2028. The 2025 Siena Amendment also revised certain terms of the facility, including modifying the minimum loan balance requirement and terms related to the calculation of interest. In addition, the 2025 Siena Amendment modified certain financial covenants related to minimum liquidity and modified certain trigger event provisions. Due to the 2025 Siena Amendment, the Siena Revolver has been classified as long-term debt on the Company’s consolidated balance sheet as of March 31, 2025. The Company is currently evaluating the remaining impact of the 2025 Siena Amendment on its consolidated financial statements.

26

Table of ContentsGrove Collaborative Holdings, Inc.Notes to Condensed Consolidated Financial Statements (continued)(Unaudited)

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This quarterly report on Form 10-Q (this “Form 10-Q”), including, without limitation, statements under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations," includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). Generally, statements that are not historical facts, including statements concerning Grove Collaborative Holdings, Inc. (the “Company,” “we,” “us,” or “our”) possible or assumed future actions, business strategies, events, or results of