Grove Collaborative Receives NYSE Notice Over $50M Listing Threshold

What Happened Grove Collaborative Holdings, Inc. (GROV) disclosed in an 8‑K filed August 11, 2026 that the New York Stock Exchange notified the company it is not in compliance with Section 802.01B of the NYSE Listed Company Manual. The NYSE’s notice says Grove’s average market capitalization over a consecutive 30‑trading‑day period and its stockholders’ equity are below the required $50.0 million thresholds. The company must submit a business plan within 45 days showing how it will return to compliance within nine months. The notice does not cause an immediate delisting, and Grove says it intends to submit the required plan.

Key Details

• NYSE standard cited: Section 802.01B (average market capitalization and stockholders’ equity both must be at least $50.0 million).
• Deadlines: submit a business plan within 45 days of the NYSE notice; demonstrate return to compliance within nine months.
• Procedure: subject to Sections 801 and 802 of the NYSE Manual; no immediate effect on listing if other continued‑listing requirements are met.
• Corporate filing: 8‑K dated August 11, 2026 (Items 3.01 and 7.01); press release furnished as Exhibit 99.1. Signed by Scott Giesler, General Counsel and Secretary.

Why It Matters This notice signals the company currently falls short of NYSE listing standards on market cap and equity — a material corporate governance and listing risk. If Grove cannot satisfy the NYSE through its submitted plan or otherwise regain compliance within the specified period, the exchange could pursue delisting procedures, which can reduce liquidity and investor confidence. Investors should watch for the company’s business plan, any updates from the NYSE, and subsequent periodic filings for progress toward compliance.