secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2022-06-23T23:59:59+00:00
Accession:  0001193125-22-180310
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 4.01, 9.01, 3.03, 5.01, 5.02, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Grove Collaborative completes de-SPAC merger with VGAC II; PIPE raises $86.1M
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- Business combination closed June 16, 2022; former VGAC II renamed Grove Collaborative Holdings, Inc.
- Exchange ratio ~1.17604; Grove stockholders received New Grove Class B common stock.
- PIPE financing: 8.6M shares at $10/sh for $86.1M; $1M remaining to be collected.
- Backstop investor (Corvina Holdings) provided $44.2M plus warrants for 3.9M shares at $0.01.
- Post-closing: ~29.4M Class A and ~133.4M Class B shares outstanding; GROV and GROV.WS trade on NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000119312522180310/0001193125-22-180310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000119312522180310/d332953d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-180310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer