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

Derivative Warrant Liabilities (Tables)

Derivative Warrant Liabilities (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Mar. 31, 2022

Jun. 30, 2022

Dec. 31, 2021

Warrant Liability [Line Items]

Schedule Of Change In Fair Value Of The Warrant Liabilities

The following table provides a summary of changes in the estimated fair value of the Additional Shares liability (in thousands):


Balance at December 31, 2021	$	—
Assumption of Additional Shares liability		15,340
Change in fair value		2,015

Balance at June 30, 2022	$	17,355

The following table provides a summary of changes in the estimated fair value of the

Earn-Out

liability (in thousands):


Balance at December 31, 2021	$	—
Assumption of Earn-Out liability		70,481
Change in fair value		(17,345	)

Balance at June 30, 2022	$	53,136

The fair value of the preferred stock warrant liability is determined using the Black-Scholes option pricing model, which involve inherent uncertainties and the application of management’s judgment. The following table provides a summary of changes in the estimated fair value of the preferred stock warrant liability (in thousands):


Balance at December 31, 2021	$	4,787
Change in fair value		(1,616	)
Net exercise of preferred stock warrants		(989	)

Balance before reclassification at June 30, 2022		2,182
Reclassification to additional paid-in capital		(2,182	)

Balance at June 30, 2022	$	—

The

following table provides a summary of changes in the estimated fair value of the Company’s Level 3 financial liabilities (in thousands):


Balance at December 31, 2020	$	3,553
Change in fair value		1,234

Balance at December 31, 2021	$	4,787

Virgin Group Acquisition Corp. II [Member]

Warrant Liability [Line Items]

Schedule Of Change In Fair Value Of The Warrant Liabilities

The change in fair value of the derivative warrant liabilities is summarized as follows:


	Private Placement Warrants		Public Warrants		Warrant Liabilities
Derivative warrant liability – initial measurement on March 25, 2021	$	9,020,019	$	8,776,387	$	17,796,406
Change in fair value of derivative warrant liabilities		133,454		55,320		188,774

Derivative warrant liabilities at March 31, 2021	$	9,153,473	$	8,831,707	$	17,985,180


	Private Placement Warrants			Public Warrants		Warrant Liabilities
Derivative warrant liabilities at December 31, 2021	$	6,608,051		$	—	$	6,608,051
Change in fair value of derivative warrant liabilities		(3,971,240	)		—		(3,971,240	)

Derivative warrant liabilities at March 31, 2022	$	2,636,811		$	—	$	2,636,811

The change in fair value of the derivative warrant liabilities is summarized as follows:


	Private Placement Warrants			Public Warrants			Warrant Liabilities
Derivative warrant liabilities – initial measurement	$	10,087,924		$	10,101,143		$	20,189,067
Transfer to Level 1		—			(10,338,960	)		(10,338,960	)
Change in fair value of derivative warrant liabilities		(3,479,873	)		237,817			(3,242,056	)

Derivative warrant liabilities at December 31, 2021	$	6,608,051		$	—		$	6,608,051