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Consumer goods firm Grove Collaborative surges after $100 million stock sale

ReutersJul 8, 2025 8:50 PM

** Shares of consumer goods firm Grove Collaborative Holdings GROV.N jump ~15% to $1.3499 after the bell

** Company plans to sell up to $100 million in stock to Yorkville, a hedge fund operator, over time through a standby equity purchase agreement (SEPA)

** GROV amends SEPA and extends commitment period to August 1, 2027

** HumanCo Investments, separately, urged Grove's board of directors to explore strategic options, including a sale, merger, or other major deal to boost growth and profitability

** Up to last close, GROV down about 16% YTD

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