Grove Collaborative receives NYSE continued listing standards notice

Grove Collaborative (GROV) Holdings reports that, on May 15, 2025, it received written notice from the New York Stock Exchange of non-compliance with Section 802.01B of the NYSE Listed Company Manual, which requires an average global market capitalization of not less than $50M over a consecutive 30 trading-day period and stockholders’ equity of not less than $50M. Pursuant to the NYSE Notice, the company is subject to the procedures set forth in Sections 801 and 802 of the NYSE Manual and must submit a business plan within 45 days of receipt of the NYSE Notice that demonstrates how the company expects to return to compliance with this continued listing standard within 18 months of receipt of the NYSE Notice. Pursuant to applicable NYSE rules, the NYSE will review the plan and, within 45 days of its receipt, determine whether the company has made a reasonable demonstration of an ability to conform to the relevant standards in the Cure Period.