Business Context and Reporting Period
This Form 8-K Current Report was filed by Grove Collaborative Holdings, Inc. on August 7, 2026, with a signature date of August 11, 2026. The filing addresses a regulatory notice received from the New York Stock Exchange (NYSE) regarding the Company's compliance with continued listing standards.
Key Financial Metrics
The filing does not provide specific financial statements, revenue, profit, cash flow, or margin data. However, it explicitly states the financial thresholds triggering the regulatory notice:
- Market Capitalization: The Company failed to maintain an average market capitalization of at least $50.0 million over a consecutive 30 trading-day period.
- Stockholders' Equity: The Company failed to maintain stockholders' equity of at least $50.0 million.
Material Changes
The primary material event is the receipt of a notice from the NYSE indicating non-compliance with Section 802.01B of the NYSE Listed Company Manual. This notice signifies a deterioration in the Company's market valuation and/or equity position relative to the exchange's minimum requirements.
Outlook, Management Commentary, and Risks
- Compliance Plan: The Company is required to submit a business plan within 45 days of the notice (by approximately September 21, 2026) demonstrating how it expects to regain compliance within nine months.
- Current Listing Status: The notice does not immediately delist the Company's securities. The Class A common stock (trading symbol: GROV) remains listed on the NYSE, subject to the Company's compliance with other requirements.
- Management Intent: Management intends to submit the required plan to regain compliance as mandated by the NYSE rules.
- Risk: Failure to regain compliance within the specified timeframe could result in the delisting of the Company's securities.
Investor Verification Checklist
- Verify the Company's current market capitalization and stockholders' equity against the $50.0 million threshold.
- Monitor the submission of the required business plan to the NYSE within the 45-day window.
- Review the attached press release (Exhibit 99.1) for additional management commentary on the path to compliance.
- Assess the risk of potential delisting if the nine-month compliance period is not met.