Company: GROVW
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001628280-25-013839
Chunk: 235

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 235
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Grove Collaborative Holdings, Inc.Notes to Consolidated Financial Statements (continued)

13.    Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation of basic and diluted income (loss) per share attributable to common stockholders (in thousands, except share and per share data):Year Ended December 31,20242023Net loss, basic and diluted$(27,423)$(43,232)Less: Accretion on Series A preferred stock— (957)Less: Accumulated dividends on redeemable convertible preferred stock(849)(233)Net loss attributable to common stockholders, basic and diluted$(28,272)$(44,422)Net loss per share attributable to common stockholders, basic and diluted$(0.76)$(1.28)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted37,040,37534,797,582The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive (on an as-converted basis):Year Ended December 31,20242023Redeemable Convertible Preferred Stock12,500,097 4,739,336 Common stock options1,707,450 1,894,303 Restricted stock units4,657,655 4,712,855 Common stock warrants473,895 2,598,554 Private and Public Placement Warrants2,800,146 2,800,146 Earn-Out Shares2,602,412 2,602,554 ESPP Shares48,219 67,178 Total24,789,874 19,414,926 

14.    Subsequent Events

On February 10, 2025, the Company completed the acquisition of substantially all of the assets and liabilities of Maddiebrit Products, LLC. The preliminary total gross consideration is $2.2 million of cash funded with the Company’s cash on hand. The Company’s initial accounting for this acquisition is in process.On February 15, 2025, all of the Company’s outstanding shares of Class B Common Stock were automatically converted into Class A Common Stock. This conversion occurred because, as of December 31, 2024, the aggregate number of outstanding shares of Class B Common Stock (including securities exercisable or convertible into Class B Common Stock) represented less