---
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"
generated_at: "2026-05-31T02:30:44.571466+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grove Collaborative receives $15M PIPE from Volition Capital; plans to repay term debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-041113
- JSON: https://secwatch.observer/filing/0001628280-24-041113.json
- Plain text: https://secwatch.observer/filing/0001628280-24-041113.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.