Company: GROVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001841761-25-000048
Chunk: 133

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 133
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40Exercise Price$57.50$57.50Risk-free interest rate3.60%4.26%Expected term (in years)1.792.50Volatility64.41%79.86%Dividend yield—— The Earn-Out Shares are classified as Level 3 and their fair values were estimated using a Monte Carlo options pricing model utilizing assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimated the expected volatility assumption using an average of the implied volatility of its common stock and an implied volatility based on its peer companies. The following tables set forth the Company’s financial instruments that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands):September 30, 2025Level 1Level 2Level 3TotalFinancial Assets:Cash equivalents: Money market funds$7,658 $— $— $7,658 Total$7,658 $— $— $7,658 Financial Liabilities:Earn-Out Shares$— $— $1,085 $1,085 Total$— $— $1,085 $1,085 

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

December 31, 2024Level 1Level 2Level 3TotalFinancial Assets:Cash equivalents: Money market funds$17,625 $— $— $17,625 Total$17,625 $— $— $17,625 Financial Liabilities:Earn-Out Shares$— $— $1,257 $1,257 Public Warrants— — 9 9 Private Placement Warrants— — 8 8 Total$— $— $1,274 $1,274 Earn-Out SharesCertain Earn-Out Shares are accounted for as a liability, refer to Note 8, Common Stock and Warrants. Subsequent changes in fair value, until settlement or until equity classification is met, is recognized in the statements of operations.Private Placement and Public Warrants LiabilitiesAs of September 30, 2025, the Company has Private Placement and Public Warrants defined and discussed in Note 8, Common Stock and Warrants. Such warrants are accounted for as a liability. Subsequent changes in fair value, until