Grove receives NYSE notice of non-compliance with $50M market cap and equity standards

Grove Collaborative Holdings, Inc.

NYSE notified Grove on May 15, 2025 that average market cap over 30 days and stockholders' equity each fell below $50M.
Company must submit a business plan within 45 days showing how it will regain compliance within 18 months.
If NYSE accepts plan, stock will continue trading during cure period; failure could lead to delisting proceedings.
No immediate impact on listing of Class A common stock (NYSE: GROV).

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