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  "documentTitle": "Grove | Investor Presentation Deck | 41 slides",
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  "authorName": "Grove Collaborative",
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  "presentationDate": "2023-03-01 00:00:00",
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  "notes": "Includes detailed footnotes regarding restricted cash, ABL capacity constraints, and structural debt covenants.",
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      "kind": "paragraph",
      "text": "Liquidity calculation does not reflect projected working capital improvements (which may reduce ABL capacity)",
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      "text": "In July 2022, we entered into a Standby Equity Purchase Agreement, which would allow us to raise approximately $14.6M (4)",
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      "text": "1. Restricted cash was $15M as of 12/31/2022, which was subsequently reduced by $6.1M in Q1 2023\n2. ABL Borrowing capacity is subject to $15M cap on inventory for the first six months of the facility. Absent this cap, current capacity under the facility would be ~$25M\n3. Structural Debt Facility is subject to a $57M unrestricted cash covenant\n4. As of March 14, 2023, based on average trading price, net of issuance costs",
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      "text": "12/31/2022 Cash (Incl. $9M restricted Cash) $96; Subsequent Event - ABL Current Availability $15; Subsequent Event - Estimated Future ABL Availability $10; Total Liquidity $121",
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      "text": "Balance Sheet + Available Capital",
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