Grindr Confirms Receipt of Letter from Large Shareholders
Grindr (NYSE: GRND) confirmed that Board members Ray Zage and James Lu expressed interest in exploring a going-private acquisition of the company by acquiring all outstanding common stock.
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While there is no proposal to evaluate at this time, the Board of Directors has established a Special Committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the Company for evaluation. The Board and the Special Committee are committed to acting in the best interest of all stockholders.
The Company remains focused on continuing to deliver strong execution on its three-year plan and to serve Grindr’s distinctive user base, for whom the Grindr app is of vital importance in their day-to-day lives.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251014738911/en/
Hayley Richard
press@grindr.com
Source: Grindr Inc.