Grove Collaborative (GROV) said late Friday it received a notice from the New York Stock Exchange for not meeting continued listing standards.
The notice relates to a rule requiring an average global market capitalization of at least $50 million over 30 consecutive trading days and stockholders' equity of at least $50 million, the company said.
Grove has 45 days to submit a business plan to the NYSE outlining how it intends to regain compliance.
The company said the notice doesn't immediately affect its stock listing.
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