Grove Collaborative, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

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

At September 30, 2021 and December 31, 2020, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:


Gross Proceeds	$	402,500,000
Less: Proceeds allocated to Public Warrants		(10,101,143	)
Less: Issuance costs related to Class A ordinary shares		(22,162,529	)
Plus: Accretion of carrying value to redemption value		32,263,672

Class A ordinary shares subject to possible redemption	$	402,500,000

Reconciliation Of Net Loss Per Ordinary Share

The following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per ordinary share for each class of ordinary shares:


	For the Three Months ended September 30, 2021		For the period from January 13, 2021 (inception) to September 30, 2021
Ordinary shares subject to possible redemption
Numerator:
Net income allocable to Class A ordinary shares subject to possible redemption	$	4,363,750	$	3,589,087
Denominator:
Weighted Average Redeemable Class A Ordinary shares, Basic and Diluted		40,250,000		30,070,717

Basic and Diluted net income per share, Redeemable Class A Ordinary shares	$	0.11	$	0.11

Non-Redeemable Ordinary shares
Numerator:
Net income allocable to Class B ordinary shares not subject to redemption	$	1,090,937	$	1,082,768
Denominator:
Weighted Average Non-Redeemable Ordinary shares, Basic and Diluted		10,062,500		9,640,625

Basic and diluted net income per share, ordinary shares	$	0.11	$	0.11