Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 32

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 30,2025202420252024Redeemable convertible preferred stock12,500,097 4,739,336 12,500,097 4,739,336 Restricted stock units4,938,665 5,132,111 4,938,665 5,132,111 Public Warrants and Private Placement Warrants2,800,146 2,800,146 2,800,146 2,800,146 Earn-Out Shares2,602,412 2,602,412 2,602,412 2,602,412 Options1,649,627 1,712,021 1,649,627 1,712,021 Common Stock Warrants473,895 2,596,673 473,895 2,596,673 ESPP Shares43,804 31,597 43,804 31,597 Total25,008,646 19,614,296 25,008,646 19,614,296 

13.    Subsequent Events

On July 8, 2025, the Company and Yorkville entered into the Amended SEPA in which the Company and Yorkville agreed to extend the commitment period under the SEPA to August 1, 2027 and amend the purchase price of any shares sold under the Amended SEPA. Under the Amended SEPA, the purchase price per share for Class A common stock will be of the lowest daily VWAP of the Company’s Class A common stock over the Pricing Period, as defined by the agreement, less a discount of 2.45%. Transaction costs related to the Amended SEPA were immaterial.

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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