Grove secures $15m investment from Volition Capital [Yahoo! Finance]
Grove Collaborative Holdings, Inc. Class A (GROV)
Company Research
Source: Yahoo! Finance
The PIPE follows Volition's previous $10m investment in Grove's Series A convertible preferred stock in August 2023, culminating in a total investment of $25m in the company. The investment round was led by Volition managing partner and co-founder Larry Cheng, who also serves on Grove's board of directors. Grove plans to repay the remaining $30m of its outstanding term debt facility with a portion of this investment, along with its existing cash reserves. The company has committed to using at least $10m of the proceeds for this purpose by 30 November 2024. Grove repaid $42m of its term debt facility in July. As of 30 June, Grove's pro forma cash and cash equivalents stood at approximately $40.6m. Once the term loan is fully repaid, Grove's remaining debt will consist of only $7.5m under its asset-based loan facility. Grove Collaborative CEO Jeff Yurcisin said: "I'm thrilled to announce this $15m investment from Volition Capital and, specifically [from] Cheng, a reputabl
Show less
Read more
Impact Snapshot
Event Time:
GROV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GROV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GROV alerts
High impacting Grove Collaborative Holdings, Inc. Class A news events
Weekly update
A roundup of the hottest topics
GROV
News
- Daily Harvest Invests in Industry-Leading Tech Stack with Shopify, Ordergroove and Klaviyo to Power Future Growth and Innovative Customer Experience [Yahoo! Finance]Yahoo! Finance
- Grove Collaborative Holdings, Inc. (NYSE: GROV) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $2.00 price target on the stock.MarketBeat
- Grove Collaborative Holdings Inc (GROV) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Grove Announces Third Quarter 2024 Financial ResultsBusiness Wire
- Grove to Report Second Quarter 2024 Financial Results on November 12, 2024Business Wire
GROV
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- GROV's page on the SEC website