Grove Collaborative (NYSE: GROV) amends loan to tap card receivables

Rhea-AI Filing Summary

Grove Collaborative Holdings, Inc. entered into Amendment No. 4 to its existing asset-based Loan and Security Agreement with Siena Lending Group LLC on September 26, 2025. Grove Collaborative Holdings and Grove Collaborative, Inc. are the borrowers under this facility.

The amendment updates the borrowing formula so that certain credit card receivables can now be included in the borrowing base, as long as those receivables meet specified eligibility criteria. The full legal text of the amendment is filed as an exhibit to this report.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 26, 2025

GROVE COLLABORATIVE HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-40263

88-2840659

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1301 Sansome Street San Francisco, California						94111
(Address of principal executive offices)						(Zip Code)

(800) 231-8527

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value $0.0001

GROV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 1.01 Entry into a Material Definitive Agreement

On September 26, 2025, Grove Collaborative Holdings, Inc., a Delaware public benefit corporation (“Holdings”) and Grove Collaborative, Inc., a Delaware public benefit corporation (“Grove”), in their capacity as borrowers (Holdings and Grove, collectively, the “Borrowers”) under that certain Loan and Security Agreement, dated as of March 10, 2023 (as amended by that certain Amendment No. 1 to Loan and Security Agreement, dated as of July 16, 2024, that certain Amendment No. 2 to Loan and Security Agreement, dated as of November 21, 2024, and that certain Amendment No. 3 to Loan and Security Agreement, dated as of May 8, 2025, the “ABL Loan Agreement”), by and among the Borrowers and Siena Lending Group LLC, a Delaware limited liability company, as lender (in such capacity, the “ABL Lender”), entered into that certain Amendment No. 4 to Loan and Security Agreement, dated as of September 26, 2025 (the “Amendment”), by and among the ABL Lender and the Borrowers, which amends the ABL Loan Agreement.

The Amendment amends the ABL Loan Agreement to, among other things, include certain credit card receivables in the borrowing base, subject to such credit card receivables meeting specified eligibility criteria.

The foregoing description of the Amendment is subject to and qualified in its entirety by reference to the full text of the Amendment, a copy of which is included as Exhibit 10.1 hereto, and the terms of which are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.

Description

10.1

Amendment No. 4 to Loan and Security Agreement, dated as of September 26, 2025, by and among Grove Collaborative Holdings, Inc., Grove Collaborative, Inc. and Siena Lending Group LLC

104

Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GROVE COLLABORATIVE HOLDINGS, INC.

By:

/s/ Tom Siragusa

Name:

Tom Siragusa

Title:

Interim Chief Financial Officer

Date: September 30, 2025

FAQ

What did Grove Collaborative (GROV) disclose in this Form 8-K?

Grove Collaborative Holdings, Inc. reported that it entered into Amendment No. 4 to its existing Loan and Security Agreement with Siena Lending Group LLC, modifying the terms of its asset-based lending facility.

What change was made to Grove Collaborative’s loan agreement?

The amendment allows certain credit card receivables to be included in the borrowing base under the Loan and Security Agreement, provided those receivables meet specified eligibility criteria.

Who are the borrowers under Grove Collaborative’s ABL loan?

The borrowers are Grove Collaborative Holdings, Inc. and Grove Collaborative, Inc., both Delaware public benefit corporations.

Who is the lender under Grove Collaborative’s asset-based loan facility?

The lender is Siena Lending Group LLC, which is party to the Loan and Security Agreement and its Amendment No. 4.

When was Amendment No. 4 to the loan agreement signed?

Amendment No. 4 to the Loan and Security Agreement was dated as of September 26, 2025.

Where can investors read the full text of Grove Collaborative’s loan amendment?

The complete Amendment No. 4 to the Loan and Security Agreement is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference.

Which class of Grove Collaborative’s stock is listed and under what symbol?

Grove Collaborative’s Class A common stock, par value $0.0001, is listed on the New York Stock Exchange under the symbol GROV.