BUZZ-Consumer goods firm <a href="https://laohu8.com/S/GROV">Grove Collaborative</a> surges after $100 million stock sale** Shares of consumer goods firm Grove Collaborative Holdings GROV.N jump ~15% to $1.3499 after the bell
** Company plans to sell up to $100 million in stock to Yorkville, a hedge fund operator, over time through a standby equity purchase agreement $(SEPA)$
** GROV amends SEPA and extends commitment period to August 1, 2027
** HumanCo Investments, separately, urged Grove's board of directors to explore strategic options, including a sale, merger, or other major deal to boost growth and profitability
** Up to last close, GROV down about 16% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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