Grove Collaborative gets NYSE notice over $50 million market cap and equity standards
Grove Collaborative Holdings received a notice on August 7, 2026 from the New York Stock Exchange saying it does not meet the NYSE's minimum average market capitalization and stockholders' equity requirements of $50 million each. The company must submit a business plan showing how it will return to compliance within nine months, and the notice has no immediate effect on the listing of its Class A common stock.
Key points
- NYSE notice received August 7, 2026 for non-compliance with Section 802.01B of the NYSE Listed Company Manual
- Required standards: average market capitalization of at least $50 million over 30 consecutive trading days, and stockholders' equity of at least $50 million
- Business plan due within 45 days of receipt of the notice, with a nine-month cure period; NYSE review due within 45 days of receiving the plan
- If the plan is not timely submitted or not accepted, the NYSE could start delisting proceedings
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.