Grove Collaborative Changes Auditors
Ticker: GROVW · Form: 8-K · Filed: Oct 10, 2024 · CIK: 1841761
| Field | Detail |
|---|---|
| Company | Grove Collaborative Holdings, INC. (GROVW) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Grove Collaborative swapped auditors from PwC to WithumSmith+Brown.
AI Summary
Grove Collaborative Holdings, Inc. announced on October 9, 2024, a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged WithumSmith+Brown, PC as its new independent registered public accounting firm. This change was approved by the Audit Committee of the Board of Directors.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — A change in auditor, especially without a clear stated reason beyond routine, can sometimes precede or coincide with other financial events that warrant closer investor scrutiny.
Key Players & Entities
- Grove Collaborative Holdings, Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
- WithumSmith+Brown, PC (company) — New Certifying Accountant
- October 9, 2024 (date) — Date of earliest event reported
FAQ
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of October 9, 2024.
Who was Grove Collaborative's previous certifying accountant?
Grove Collaborative's previous certifying accountant was PricewaterhouseCoopers LLP.
Who is Grove Collaborative's new independent registered public accounting firm?
Grove Collaborative's new independent registered public accounting firm is WithumSmith+Brown, PC.
Who approved the change in certifying accountant?
The change in certifying accountant was approved by the Audit Committee of the Board of Directors of Grove Collaborative Holdings, Inc.
Did the company have any disagreements with its former accountant?
The filing states that there were no disagreements between Grove Collaborative Holdings, Inc. and PricewaterhouseCoopers LLP on any matter of accounting principles or financial statement disclosure.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 14.6 · Accepted 2024-10-10 17:01:27
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 GROV New York Stock Exchange Indicate
Filing Documents
- grov-20241009.htm (8-K) — 39KB
- appendix161letterofernstyo.htm (EX-16.1) — 2KB
- 0001628280-24-042672.txt ( ) — 170KB
- grov-20241009.xsd (EX-101.SCH) — 2KB
- grov-20241009_lab.xml (EX-101.LAB) — 23KB
- grov-20241009_pre.xml (EX-101.PRE) — 13KB
- grov-20241009_htm.xml (XML) — 3KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. On October 9, 2024 the Audit Committee of the Board of Directors ("Audit Committee") of Grove Collaborative Holdings, Inc. (the "Company") appointed Moss Adams LLP ("Moss Adams") to serve as the Company's independent registered public accounting firm for the year ending December 31, 2024. (a) Dismissal of Independent Public Accounting Firm On October 9, 2024, the Company, with the approval of the Audit Committee, notified Ernst & Young LLP ("EY") that EY was being dismissed as the Company's independent registered public accounting firm, effective October 9, 2024. The audit reports of EY on the Company's consolidated financial statements for the years ended December 31, 2022 and 2023 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle. During the years ended December 31, 2022 and 2023 and through the date of EY's dismissal there were no (i) disagreements with EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to EY's satisfaction, would have caused EY to make reference to the subject matter thereof in connection with its reports for such periods; or (ii) reportable events as described under Item 304(a)(1)(v) of Regulation S-K. The Company provided EY with a copy of the disclosure in this Current Report on Form 8-K (this "Report") prior to its filing with the Securities and Exchange Commission (the "SEC") and requested that EY provide the Company with a letter addressed to the SEC stating whether EY agrees with the statements made by the Company in accordance with Item 304(a) of Regulation S-K. A copy of the letter dated October 10, 2024 furnished by EY in response to that request is filed as Exhibit 16.1 to this Report. (b) Engagement of Independent Registered Public Accounting Firm On Octob
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter of Ernst & Young LLP dated October 10 , 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
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/ Sergio Cervantes Name: Sergio Cervantes Title: Chief Financial Officer Dated: October 10, 2024