Grove Collaborative, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Initial Public Offering (Tables)

Initial Public Offering (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Class of Stock [Line Items]

Schedule of Reconciliation of Class A Ordinary shares reflected in the Condensed Balance Sheets

The Company’s outstanding convertible preferred stock consisted of the following as of December 31, 2021 and March 31, 2022 (in thousands, except share and per share data):


	Original Issue Price		Shares Authorized		Shares Outstanding		Net Carrying Value		Liquidation Preference
Series Seed	$	0.6168		8,242,152		8,242,152	$	3,943	$	5,084
Series A		0.6168		12,015,184		11,963,567		5,240		7,379
Series B		1.4642		10,789,890		10,682,797		15,545		15,642
Series C		2.8394		13,295,062		13,030,922		36,917		37,000
Series C-1		3.7244		7,273,640		7,273,640		27,003		27,090
Series D		8.2482		17,173,437		16,973,394		136,618		140,000
Series D-1		10.6703		4,518,724		4,518,724		48,146		48,216
Series D-2		7.2738		12,373,174		12,373,174		89,638		90,000
Series E		9.9578		12,552,973		12,552,973		124,868		125,000

Total				98,234,236		97,611,343	$	487,918	$	495,411

The Company’s outstanding convertible preferred stock consisted of the following as of December 31, 2020 and 2021 (in thousands, except share data):


	Original Issue Price		Shares Authorized		Shares Outstanding		Net Carrying Value		Liquidation Preference
Series Seed	$	0.6168		8,242,152		8,242,152	$	3,943	$	5,084
Series A		0.6168		12,015,184		11,963,567		5,240		7,379
Series B		1.4642		10,789,890		10,682,797		15,545		15,642
Series C		2.8394		13,295,062		13,030,922		36,917		37,000
Series C-1		3.7244		7,273,640		7,273,640		27,003		27,090
Series D		8.2482		17,173,437		16,973,394		136,618		140,000
Series D-1		10.6703		4,518,724		4,518,724		48,146		48,216
Series D-2		7.2738		12,373,174		12,373,174		89,638		90,000
Series E		9.9578		12,552,973		12,552,973		124,868		125,000

Total				98,234,236		97,611,343	$	487,918	$	495,411

Virgin Group Acquisition Corp. II [Member]

Class of Stock [Line Items]

Schedule of Reconciliation of Class A Ordinary shares reflected in the Condensed Balance Sheets

As of March 31, 2022 and December 31, 2021, the ordinary shares reflected on the balance sheet are reconciled in the following table:


Gross proceeds from IPO	$	402,500,000
Less:
Proceeds allocated to Public Warrants		(10,101,143	)
Ordinary share issuance costs		(22,162,529	)
Plus:
Accretion of carrying value to redemption value		32,263,672

Contingently redeemable ordinary shares	$	402,500,000

As of December 31, 2021, the ordinary shares reflected on the balance sheet are reconciled in the following table:


Gross proceeds from IPO	$	402,500,000
Less:
Proceeds allocated to Public Warrants		(10,101,143	)
Ordinary share issuance costs		(22,162,529	)
Plus:
Accretion of carrying value to redemption value		32,263,672
Contingently redeemable ordinary shares	$	402,500,000