secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001841761-22-000017
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Grove Collaborative restates Q2 2021 EPS; prior period overstated by $0.59-$0.96 per share
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- Net loss per share overstated by $0.59 for three months ended June 30, 2021; restated from $(3.97) to $(3.38).
- Net loss per share overstated by $0.96 for six months ended June 30, 2021; restated from $(9.13) to $(8.17).
- Error due to miscalculation of weighted-average shares from merger exchange ratio; no impact on cash, net loss, or cash flows.
- Audit committee concluded previously issued financials should no longer be relied upon; amended 10-Q to be filed.
- Material weakness identified in internal controls over financial reporting; disclosure controls not effective as of June 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000184176122000017/0001841761-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000184176122000017/grov-20220819.htm
  HTML page:      https://secwatch.observer/filing/0001841761-22-000017

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