Company: GROVW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020642
Chunk: 37

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 37
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 arise under the Securities Act.

Indemnification Agreements

In connection with the consummation of the Business Combination, the Company entered into indemnification agreements with its directors, executive officers, and other key employees. Each indemnification agreement provides that the Company will indemnify each of its directors, executive officers, and other key employees against any and all expenses incurred by such director, executive officer, or other key employee because of his or her status as one of the Company’s directors, executive officers, or other key employees, to the fullest extent permitted by the laws of the state of Delaware and Grove’s certificate of incorporation and bylaws. In addition, the indemnification agreements provide that, to the fullest extent permitted by the laws of the state of Delaware, the Company will advance all expenses incurred by its directors, executive officers, and other key employees in connection with the legal proceeding involving his or her status as a director, executive director, or key employee.

Subscription Agreements with Volition Capital Fund IV, L.P.

On August 11, 2023, the Company entered into a Subscription Agreement (the “2023 Subscription Agreement”) with Volition Capital Fund IV, L.P. (“Volition Capital Fund IV”), pursuant to which the Company issued and sold to Volition Capital Fund IV in a transaction (i) 10,000 shares (the “Series A Preferred Shares”) of the Series A Preferred Stock at a purchase price equal to $1,000 per share, (ii) a warrant to purchase 1,579,778 shares of the Class A Common Stock at a price per share equal to $6.33, and (iii) a warrant to purchase 20,905 shares of Class A Common Stock at a price per share equal to $0.01 ((ii) and (iii) collectively, the “Volition Warrants”).

On September 20, 2024, the Company subsequently entered into a Subscription Agreement (the “2024 Subscription Agreement” and together with the 2023 Subscription Agreement, each a “Subscription Agreement”) with Volition Capital Fund IV, pursuant to which (i) the Company issued and sold to Volition Capital Fund IV 15,000 shares (the “Series A' Preferred Shares” and together with the Series A Preferred Shares, the “Preferred Shares”) of the Series A' Preferred Stock at a purchase price equal to $1,000 per share, (ii) the Volition Warrants were forfeited and terminated, and (iii) certain terms of the