DelistingAug 11, 2026, 04:14 PM
Grove Collaborative Receives NYSE Delisting Non-Compliance Notice
AI Summary
Grove Collaborative Holdings, Inc. announced it received a notice from the New York Stock Exchange (NYSE) on August 7, 2026, indicating non-compliance with continued listing standards. The company failed to maintain an average market capitalization of at least $50.0 million and stockholders' equity of at least $50.0 million. Grove is required to submit a plan to regain compliance within 45 days and has a nine-month cure period to meet the standards, with no immediate impact on its stock listing.
Key Highlights
- Grove Collaborative received a notice from NYSE on August 7, 2026, regarding non-compliance with continued listing standards.
- The company failed to meet the requirement of an average market capitalization of at least $50.0 million over 30 trading days.
- It also failed to meet the requirement of stockholders' equity of not less than $50.0 million.
- Grove must submit a business plan within 45 days to demonstrate how it will regain compliance.
- The company has nine months from the notice date (Cure Period) to return to compliance.
- The notice has no immediate impact on the listing of the company's Class A common stock.
Price Impact
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