- Grove Collaborative Holdings Inc GROV revealed that HumanCo became an investor through private investment in a public equity (PIPE) transaction.
- In connection with the partnership, Grove issued a warrant to HumanCo to purchase shares of the company's class A common stock.
- HumanCo is a health and wellness holding company co-founded by Jason H. Karp and Ross Berman.
- In addition, Grove has entered into a strategic partnership with HumanCo Investments to scale M&A opportunities which HumanCo would have an opportunity to fund with up to $100 million of new capital.
- HumanCo will assist Grove in identifying and evaluating material merger and acquisition opportunities.
- Price Action: GROV shares are trading higher by 1.67% at $1.22 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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