Grove Collaborative Holdings Inc.

10/10/2024 | Press release | Distributed by Public on 10/10/2024 15:02

Change in Certifying Accountants Form 8 K

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 October 9, 2024, the Audit Committee of the Company's Board of Directors approved the appointment of Moss Adams as the Company's new independent registered public accounting firm commencing for the Company's quarter ending September 30, 2024 and its year ending December 31, 2024.
During the Company's two most recent fiscal years ended December 31, 2022 and 2023 and through October 9, 2024, neither the Company nor anyone acting on its behalf consulted Moss Adams on any matter relating to either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Moss Adams concluded was an important factor considered by the Company in reaching a decision as to an accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a "disagreement" (as defined in Regulation S-K Item 304(a)(1)(iv)) or a "reportable event" (as defined in Regulation S-K Item 304(a)(1)(v)).