secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001841761-23-000062
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grove Collaborative effects 1-for-5 reverse stock split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000184176123000062/0001841761-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000184176123000062/grov-20230605.htm
  HTML page:      https://secwatch.observer/filing/0001841761-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer