Grove Collaborative Holdings Inc. has announced that it received a notice from the New York Stock Exchange $(NYSE)$ on May 15, 2025, regarding non-compliance with the NYSE's listing standards. Specifically, the company did not meet the requirement of maintaining an average global market capitalization and stockholders' equity of at least $50 million over a 30-day trading period. Grove must now submit a business plan within 45 days to demonstrate how it will meet these standards within an 18-month cure period. The notice does not immediately affect the listing of Grove's Class A common stock, which will continue to trade on the NYSE as the company works to address the issue. If the plan is accepted, the stock will remain listed during the cure period, subject to ongoing compliance and review.
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