Company: GROVW
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001628280-25-013839
Chunk: 210

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 210
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,275 December 31, 2023Level 1Level 2Level 3TotalFinancial Assets:Cash equivalents: Money market funds$83,431 $— $— $83,431 Total$83,431 $— $— $83,431 Financial Liabilities:Earn-Out Shares$— $— $2,973 $2,973 Public Warrants— — 31 31 Private Placement Warrants— — 37 37 Structural Derivative Liability— — 8,470 8,470 Total$— $— $11,511 $11,511 HGI Additional Shares Liability At the closing of the HGI Subscription Agreement discussed in Note 10, Common Stock and Warrants, the Company recorded a liability related to the potential issuance of additional shares of its Class A Common Stock. Subsequent changes in fair value of the HGI Additional Shares liability until settlement were recognized in the consolidated statements of operations. The HGI Additional Shares Liability was settled in August 2023 (refer to Note 10, Common Stock and Warrants).Earn-Out SharesAt closing of the Business Combination, certain Earn-Out Shares were accounted for as a liability, Note 10, Common Stock and Warrants. Subsequent changes in fair value, until settlement or until equity classification is met, is recognized in the consolidated statements of operations.Private Placement Warrant and Public Warrant LiabilitiesAs of December 31, 2024, the Company has Private Placement and Public Warrants defined and discussed in Note 10, Common Stock and Warrants. Such warrants are measured at fair value on a recurring basis. Subsequent changes in fair value, until settlement, is recognized in the statement of operations.Structural Derivative LiabilityUpon closing the Structural Debt Facility, the Company recorded a liability related to the features that are required to be bifurcated and accounted for as a compound derivative at fair value. Subsequent changes in fair value of 

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

the Structural Derivative Liability until settlement is recognized in the statement of operations. The Structural Derivative Liability was settled in full in November 2024.The following table provides a summary of changes in the estimated fair value of these liabilities (in thousands):HGI Additional Shares LiabilityEarn-Out SharesPublic WarrantsPrivate Placement WarrantsStructural Derivative LiabilityTotalBalances as of December