other_material
confidence high
sentiment neutral
materiality 0.70
Grove Collaborative amends SEPA with Yorkville: extends to Aug 2027, changes Market Price to lowest daily VWAP
Grove Collaborative Holdings, Inc.
- Amended Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd. (Yorkville) on July 8, 2025.
- Original SEPA from July 2022 allowed up to $100 million in stock sales; amendment extends commitment period to August 1, 2027.
- "Market Price" definition changed from average VWAP over three days to lowest daily VWAP in that period.
- Amendment signed by Interim CFO Tom Siragusa for Grove and Matt Beckman for Yorkville.
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