Company: GROVW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038957
Chunk: 269

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 269
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 shares under the SEPA for total gross proceeds of $2.4 million. As of June 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: June 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 warrants473,895 362,000 111,895 Outstanding stock options1,649,627 930,956 776,494 Outstanding restricted stock units4,938,665 4,656,655 1,000 Shares available for issuance under 2022 Equity Incentive Plan5,869,921 5,182,186 — Shares available for issuance under 2022 Employee Stock Purchase Plan1,104,661 846,157 — Total shares of common stock reserved30,112,017 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 issuance of a separate warrant to Volition to purchase 20,905 shares of Grove’s Class A common stock at an exercise price of $0.01 per share (