Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 142

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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 will offset these costs against proceeds of any sales under the Amended SEPA. As of September 30, 2025, the Company has sold 147,965 shares under the SEPA for total gross proceeds of $2.4 million. As of September 30, 2025, there were 6,363,567 shares available to be sold to Yorkville under the Exchange Cap.

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

 Reserved for IssuanceThe Company has the following shares of common stock reserved for future issuance, on an as-if converted basis: September 30, 2025December 31, 2024Class A Common StockClass A Common StockClass B Common StockPrivate Placement Warrants1,340,000 1,340,000 — Public Warrants1,460,146 1,460,146 — Backstop Warrants775,005 775,005 — Shares issuable upon conversion of redeemable convertible preferred stock12,500,097 12,500,097 — Other outstanding common stock warrants471,818 362,000 111,895 Outstanding stock options1,618,369 930,956 776,494 Outstanding restricted stock units4,795,228 4,656,655 1,000 Shares available for issuance under 2022 Equity Incentive Plan5,659,401 5,182,186 — Shares available for issuance under 2022 Employee Stock Purchase Plan1,104,661 846,157 — Total shares of common stock reserved29,724,725 28,053,202 889,389 

9.    Redeemable Convertible Preferred Stock

On August 11, 2023 (the “Series A Preferred Stock Closing Date”), the Company entered into a subscription agreement (the “Series A Preferred Stock Subscription Agreement”) with Volition Capital Fund IV, L.P. (“Volition”) where the Company received gross proceeds of $10.0 million in exchange for 10,000 shares of the Company’s Series A Redeemable Convertible Preferred Stock (the “Series A Preferred Stock”), the issuance of a warrant to purchase 1,579,778 shares of Grove’s Class A common stock at an exercise price of $6.33 per share (the “Volition Warrant”) and the