Grove Collaborative Holdings, Inc. announced that it received a written notice from the New York Stock Exchange (NYSE) on May 15, 2025, regarding non-compliance with Section 802.01B of the NYSE Listed Company Manual.
The non-compliance stems from the company's average global market capitalization falling below $50 million over a consecutive 30 trading-day period, and its stockholders’ equity being less than $50 million. Grove is required to submit a business plan within 45 days to demonstrate how it expects to regain compliance within 18 months.
The NYSE notice does not have an immediate impact on the listing of Grove's Class A common stock. If the plan is accepted, the stock will continue to be listed and traded during the 18-month cure period, subject to compliance with other listing standards.
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