Grove Collaborative effects 1-for-5 reverse stock split

Grove Collaborative Holdings, Inc.

Effective June 5, 2023; every 5 outstanding shares converted into 1 share.
Class A shares reduced from ~132M to ~26M; Class B from ~49M to ~10M.
Public warrant exercise price adjusted to $57.50; shares subject to warrants reduced to 1.61M.
No fractional shares issued; cash payment based on 5-day average closing price.
Trading symbol GROV unchanged; new CUSIP for Class A common is 39957D201.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Grove Collaborative Holdings, Inc.: Filed a certificate of amendment to effect a 1-for-5 reverse stock split of common stock (effective 2023-06-05).

Change: charter amendment
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, the Company filed with the Secretary of State of the State of Delaware a certificate of amendment (the “Certificate of Amendment”) to amend the Company’s Certificate of Incorporation to effect the Reverse Stock Split as of 5:00 p.m., Eastern Time on June 5, 2023 (the "Effective Time").

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12 governance changes filed in the last 30 days. Browse all governance changes →

Grove Collaborative Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001841761-23-000062

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