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

Debt and Convertible Preferred Stock Warrants (Tables)

Debt and Convertible Preferred Stock Warrants (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Debt And Convertible Preferred Stock Warrants [Abstract]

Schedule of the Company's Outstanding Debt, Net of Debt Discounts

The Company’s outstanding debt, net of debt discounts, consisted of the following (in thousands):


	December 31,			March 31,
	2021			2022
Silicon Valley Bank Loan Revolver	$	5,947		$	5,947
Silicon Valley Bank and Hercules Mezzanine Term Loan		59,237			59,331
Atel Loan Facility Draw 3		1,489			1,255
Atel Loan Facility Draw 4		260			221

Total debt		66,933			66,754
Less: debt, current		(10,750	)		(16,720	)

Total debt, noncurrent	$	56,183		$	50,034

The Company’s outstanding debt, net of debt discounts, consisted of the following (in thousands):


	December 31,
	2020			2021
Silicon Valley Bank Loan Revolver	$	5,947		$	5,947
Silicon Valley Bank Term Loan		2,586			—
Silicon Valley Bank and Hercules Mezzanine Term Loan		—			59,237
Triplepoint Loan Facility 4		19,933			—
Atel Loan Facility Draw 1		358			—
Atel Loan Facility Draw 2		165			—
Atel Loan Facility Draw 3		2,315			1,489
Atel Loan Facility Draw 4		396			260

Total debt		31,700			66,933
Less: debt, current		(1,918	)		(10,750	)

Total debt, noncurrent	$	29,782		$	56,183

Schedule of the Company's Future Debt Maturities

A schedule of the Company’s future debt maturities is as follows (in thousands):


Year Ended December 31,
2022	$	11,127
2023		24,576
2024		24,000
2025		8,000
2026		—
Thereafter		—

Total principal debt payments		67,703
Less: debt discount		(770	)

Total debt	$	66,933

Schedule of Outstanding Convertible Preferred Stock Warrants

The Company’s outstanding convertible preferred stock warrants are as follows:

March 31, 2022

Lenders

Exercise
Price Per
Share

Number of
Shares

Expiration Date

Series A warrants

SVB

0.62

51,617

December 2026

Series B warrants

SVB

1.46

107,093

July 2027

Series C warrants

TriplePoint

2.84

264,140

April 2028

Series D warrants

TriplePoint

8.25

200,043

May 2026

The Company’s outstanding convertible preferred stock warrants are as follows:

December 31, 2021

Lenders

Exercise
Price
Per
Share

Number
of
Shares

Expiration Date

Series A warrants

SVB

0.62

51,617

December 2026

Series B warrants

SVB

1.46

107,093

July to November 2027

Series C warrants

TriplePoint

2.84

264,140

April 2028

Series D warrants

TriplePoint

8.25

200,043

June 2026 to May 2029

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details