{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-041113","form_type":"8-K","ticker":"GROV","cik":"0001841761","company_name":"Grove Collaborative Holdings, Inc.","filed_at":"2024-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.843919+00:00","generated_at":"2026-05-31T02:30:44.571466+00:00","sec_items":["1.01","3.02","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Grove Collaborative receives $15M PIPE from Volition Capital; plans to repay term debt","bullets":["Volition Capital invests $15M in Series A' Convertible Preferred Stock at $1,000/share liquidation preference.","Conversion price of $1.9328/share (45% premium to 30-day VWAP); equates to ~7.76M shares of Class A common stock.","Proceeds used to repay at least $10M of $30M outstanding term loan by Nov 30, 2024, aiming for term-debt-free balance sheet.","Volition forfeits existing warrants for 1,600,683 common shares and modifies Series A terms; Larry Cheng remains on board."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-041113","json":"https://secwatch.observer/filing/0001628280-24-041113.json","markdown":"https://secwatch.observer/filing/0001628280-24-041113.md","text":"https://secwatch.observer/filing/0001628280-24-041113.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024041113/0001628280-24-041113-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1841761/000162828024041113/grov-20240920.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:30:44.571466+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}