Grove SPAC Presentation Deck

Note: I. 150% 100% 50% 0% Over Many Years, Customers Stay With Grove NET REVENUE RETENTION BY COHORT (¹) 0 3 6 9 12 15 18 21 (Quarterly, 2014-2021YTD) 24 27 30 33 36 Months since sign up Y-axis represents average of all quarterly cohort revenues as % of the cohort first order revenue, excludes VIP and shipping; Through July 2021 cohorts 39 42 45 48 51 54 >3M customers. Asymptotic retention between 50% and 60% 57 60 63 66 38 8

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