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)

6 Months Ended

Jun. 30, 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 three months ended June 30, 2021			For the period from January 13, 2021 (inception) to June 30, 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	$	13,918		$	15,362
Less: Franchise and income taxes		—			—

Net income allocable to Ordinary Shares	$	13,918		$	15,362
Denominator: Weighted Average Ordinary Shares subject to possible redemption
Basic and diluted weighted average shares outstanding		39,550,000			39,221,649

Basic and diluted net income per share, Ordinary Shares subject to possible redemption	$	0.00		$	0.00

Ordinary Shares Not Subject to Possible Redemption
Numerator: Net loss minus redeemable net earnings
Net loss	$	(262,247	)	$	(994,586	)
Less: Income allocable to Ordinary Shares subject to possible redemption		(13,918	)		(15,362	)

Adjusted Non-Redeemable Net loss	$	(276,165	)	$	(1,009,948	)

Denominator: Weighted Average Ordinary Shares not subject to possible Redemption
Basic and diluted weighted average shares outstanding not subject to possible redemption		9,887,500			9,805,412

Basic and diluted net loss per Ordinary Share	$	(0.03	)	$	(0.10	)