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)

3 Months Ended

Mar. 31, 2021

Reconciliation Of Net Loss Per Ordinary Share

The Company’s condensed statement of operations includes a presentation of loss per share for ordinary shares subject to redemption in a manner similar

to the two-class method of

income (loss) per share. Accordingly, basic and diluted loss per share of Class A ordinary shares and Class B ordinary shares is calculated as follows:


	For the period from January 13, 2021 (inception) to March 31, 2021
Ordinary Shares Subject to Possible Redemption
Numerator: Net income allocable to Ordinary Shares subject to possible redemption
Interest earned on cash and investments held in trust	$	1,444
Less: Franchise and income taxes		—

Net income allocable to Ordinary Shares	$	1,444

Denominator: Weighted Average Ordinary Shares subject to possible redemption
Basic and diluted weighted average shares outstanding		35,000,000

Basic and diluted net income per share, Ordinary Shares subject to possible redemption	$	0.0

Ordinary Shares Not Subject to Possible Redemption
Numerator: Net loss minus redeemable net earnings
Net loss	$	(732,339	)
Less: Income allocable to Ordinary Shares subject to possible redemption		1,444

Adjusted Non-Redeemable Net loss	$	(733,783	)

Denominator: Weighted Average Ordinary Shares not subject to possible Redemption
Basic and diluted weighted average shares outstanding not subject to possible redemption		8,750,000

Basic and diluted net loss per ordinary share	$	(0.08	)