Company: GROVW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001628280-25-025541
Chunk: 193

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 193
---
7,712 Total$7,712 $— $— $7,712 Financial Liabilities:Earn-Out Shares$— $— $1,120 $1,120 Public Warrants— — 5 5 Private Placement Warrants— — 5 5 Total$— $— $1,130 $1,130 December 31, 2024Level 1Level 2Level 3TotalFinancial Assets:Cash equivalents: Money market funds$17,625 $— $— $17,625 Total$17,625 $— $— $17,625 Financial Liabilities:Earn-Out Shares$— $— $1,257 $1,257 Public Warrants— — 9 9 Private Placement Warrants— — 8 8 Total$— $— $1,274 $1,274 Earn-Out SharesCertain Earn-Out Shares are accounted for as a liability, refer to Note 8, Common Stock and Warrants. Subsequent changes in fair value, until settlement or until equity classification is met, is recognized in the statements of operations.Private Placement and Public Warrants LiabilitiesAs of March 31, 2025, the Company has Private Placement and Public Warrants defined and discussed in Note 8, Common Stock and Warrants. Such warrants are accounted for as a liability. Subsequent changes in fair value, until settlement, is recognized in the statement of operations.The following table provides a summary of changes in the estimated fair value of these liabilities (in thousands):Earn-Out SharesPublic WarrantsPrivate Placement WarrantsTotalBalance as of December 31, 2024$1,257 $9 $8 $1,274 Change in fair value(137)(4)(3)(144)Balances as of March 31, 2025$1,120 $5 $5 $1,130 

15

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

5.    Other Financial Statement Information

Accrued expenses consisted of the following (in thousands):March 31,2025December 31,2024Inventory purchases$1,871 $1,657 Compensation and benefits1,409 4,149 Advertising costs557 558 F