STOCK TITAN

Grindr completes acquisition of PurposeMed

Eligible Grindr users in the United States and Canada can connect with Freddie through the app’s Health center today.

Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Grindr Inc. completed its acquisition of all issued and outstanding shares of PurposeMed Inc., parent of Freddie, for an upfront purchase price of approximately $250.0 million, subject to customary purchase price adjustments. Consideration consists of $190.0 million in cash and $60.0 million in Grindr common stock, or 3,851,684 shares. The sellers are eligible for up to $70.0 million in additional cash, contingent on PurposeMed achieving financial performance targets for the fiscal year ending December 31, 2027; the earnout is payable in 2028.

Freddie provides PrEP and HIV prevention care in the United States and Canada. Grindr said the acquisition brings Freddie and its affiliated clinical-network partnerships into Grindr Health, along with clinical, telehealth, pharmacy, and patient-support capabilities. Eligible Grindr users in the United States and Canada can connect with Freddie through the app’s Health center today, and Grindr plans to build a more integrated care experience over time.

1 point · 1 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 0 points

How the balance works

Positive

  • Major pointGrindr’s CEO described PurposeMed as profitable; the acquisition’s upfront price was approximately $250.0 million. 11% of market cap

Negative

  • None.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Upfront purchase price Approximately $250.0 million PurposeMed acquisition; subject to customary purchase price adjustments
Cash consideration $190.0 million Upfront purchase price
Stock consideration $60.0 million Grindr common stock in the upfront purchase price
Grindr common shares 3,851,684 shares Aggregate shares included in the stock consideration
Additional earnout consideration Up to $70.0 million in cash Contingent on PurposeMed achieving financial performance targets for the fiscal year ending December 31, 2027
Earnout performance period Fiscal year ending December 31, 2027 PurposeMed financial performance targets
Earnout payment timing 2028 Payment timing stated for the additional earnout consideration
customary purchase price adjustments financial
"subject to customary purchase price adjustments"
earnout consideration financial
"additional earnout consideration of up to $70.0 million in cash"
Earnout consideration is the portion of a purchase price that one party pays later only if the acquired business meets agreed future targets, like sales or profit goals. Think of it as a performance-linked bonus that shifts some risk from the buyer to the seller; investors watch earnouts because they affect how much value will actually be paid, influence future cash flow, and can change reported earnings or liabilities if targets are missed or met.
PrEP medical
"provider of PrEP and HIV prevention care"
Pre-exposure prophylaxis (PrEP) is a medical strategy where people take a medication before possible exposure to an infectious disease to greatly reduce their risk of becoming infected. For investors, PrEP matters because it defines a market for preventive drugs or products—success in clinical results, approvals, or wider adoption can drive sales, shape pricing and reimbursement, and change forecasts for companies working on those preventive treatments, much like insurance that prevents costly future claims.
affiliated clinical networks medical
"partnerships with affiliated clinical networks"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did GRND pay to acquire PurposeMed?

Grindr’s upfront purchase price was approximately $250.0 million: $190.0 million in cash and $60.0 million in Grindr common stock, or 3,851,684 shares, subject to customary purchase price adjustments.

What earnout can GRND’s PurposeMed sellers receive?

The sellers are eligible for up to $70.0 million in additional cash, contingent on PurposeMed achieving financial performance targets for the fiscal year ending December 31, 2027; the earnout is payable in 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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False000182014400018201442026-11-022026-11-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 8-K
________________________

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 2, 2026
________________________
Grindr Inc.
(Exact name of registrant as specified in its charter)
________________________
Commission file number 001-39714
________________________
Delaware92-1079067
(State or other jurisdiction of
incorporation)
(IRS Employer Identification No.)
PO Box 69176
750 N. San Vicente Blvd., Suite RE 1400, West Hollywood, California
90069
(Address of Principal Executive Offices)(Zip Code)
(310) 776-6680
Registrant's telephone number, including area code
N/A
(Former name or former address, if changed since last report)
________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par value per shareGRNDNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).



Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 7.01    Regulation FD Disclosure.
On November 2, 2026, Grindr Inc. (the “Company”) issued a press release announcing the completion of the Company’s acquisition of PurposeMed Inc. (“PurposeMed”), as described in Item 8.01 below. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained herein and the accompanying Exhibit 99.1 is being furnished under “Item 7.01 Regulation FD Disclosure” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 8.01    Other Events.
On November 2, 2026, the Company completed the previously announced acquisition of PurposeMed pursuant to that certain Securities Purchase Agreement, dated September 30, 2026 (the “Purchase Agreement”), by and among the Company, 18273618 Canada Inc., a Canadian corporation and wholly owned subsidiary of the Company, PurposeMed, the shareholders of PurposeMed party thereto (the “Sellers”), and Dr. Husein Moloo, solely in his capacity as the Sellers’ representative.
Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, the Company acquired all of the issued and outstanding shares of PurposeMed for an upfront purchase price of approximately $250.0 million, subject to customary purchase price adjustments, consisting of $190.0 million in cash and $60.0 million in shares of the Company’s common stock, par value $0.0001 per share (an aggregate of 3,851,684 shares). Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, the Sellers are also eligible to receive additional earnout consideration of up to $70.0 million in cash, contingent on the PurposeMed business achieving certain financial performance targets for the fiscal year ending December 31, 2027.
Item 9.01    Financial Statements and Exhibits.
(d)    Exhibits
Exhibit No.Description
99.1
Press release dated November 2, 2026
104Cover Page Interactive Data File, formatted in inline XBRL (embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 2, 2026

GRINDR INC.
By:
/s/ John North
 John North
Chief Financial Officer




Grindr Completes Acquisition of Freddie, Accelerating Grindr Health

Freddie brings HIV prevention care into the Grindr experience and advances Grindr’s vision for the Global Gayborhood in Your Pocket™

WEST HOLLYWOOD – November 2, 2026 – Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced it has completed its acquisition of PurposeMed Inc., the parent company of Freddie, a leading telehealth provider of PrEP and HIV prevention care across the United States and Canada.

The acquisition, first announced on September 30, 2026, brings Freddie and its partnerships with affiliated clinical networks into Grindr Health and establishes PrEP access as the foundation of Grindr’s broader health business. The transaction adds clinical, telehealth, pharmacy, and patient-support capabilities that will enable Grindr to connect more people with HIV prevention care in-app while building a new business alongside its core app and premium products.

“We are very excited to welcome the Freddie team to Grindr and can’t wait to work together to make HIV prevention care easier for more gay men to access. The acquisition gives us a profitable business, an experienced team, and clinical and pharmacy capabilities that would take us at least two years to build ourselves,” said George Arison, CEO of Grindr. “We can now combine those capabilities with Grindr’s reach and daily relationship with gay men to bring more patients into care and accelerate the fight against the HIV epidemic. Together, we have an opportunity to prevent thousands of new HIV infections a year while building a major new source of profitable growth for Grindr.”

Eligible Grindr users in the US and Canada can connect with Freddie through the Health center in the Grindr app today. Over time, Grindr plans to build a more integrated experience that makes it easier to learn about, access, and manage HIV prevention care.

Transaction Details

Under the terms of the agreement, Grindr acquired PurposeMed Inc. (inclusive of the Freddie brand and its partnerships with affiliated clinical networks) for $250 million, consisting of $190 million in cash and $60 million in Grindr common stock. The agreement also includes the potential for up to $70 million in additional cash consideration tied to 2027 performance targets, payable in 2028.

More information on Freddie’s business can be found in the Shareholder Letter dated September 30, 2026, posted on Grindr’s investor relations website.

About Grindr Inc.

Since 2009, Grindr has changed how gay men meet and connect. More than a quarter of gay male relationships in America today began on Grindr. Built by gay people for gay people, Grindr serves nearly 16 million average monthly active users in virtually every country in the world, helping them express themselves, build relationships, and find community. Now, as the Global Gayborhood in Your Pocket™, Grindr is bringing the connections and services of a physical



gayborhood into the app to serve more of gay men’s everyday needs. Grindr Health brings together technology and clinical expertise to make it easier to access and manage health and wellness care. Since 2015, Grindr for Equality has worked with organizations in every region of the world to advance human rights, health, and safety for millions of people. Across its businesses and community partnerships, Grindr pursues one mission: to make a world where the lives of its global community are free, equal, and healthy.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These forward-looking statements can generally be identified by the use of forward-looking terminology, such as “anticipates,” “approximately,” “believes,” “can,” “commitment,” “continues,” “could,” “estimates,” “expects,” “goal,” “help,” “intends,” “may,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would,” or the negative version of these words or other comparable words or phrases, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements include, among others, statements regarding the anticipated benefits of the acquisition of PurposeMed Inc., including anticipated profitability; our ability to successfully integrate PurposeMed’s operations, team, and technology with Grindr; and our growth strategy and expectations regarding product integration with PurposeMed. Forward-looking statements are based on current expectations and assumptions and, as a result, are not guarantees of future performance and are subject to risks and uncertainties that may cause actual results to differ materially from our expectations discussed in the forward-looking statements. Information on the risks, uncertainties, and other factors that could cause actual outcomes and results to differ materially from those included in or contemplated by our forward-looking statements are included in the section titled “Risk Factors” included under Part I, Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2025, and in Quarterly Reports on Form 10-Q we file thereafter. Any forward-looking statement speaks only as of the date on which it is made, and you should not place undue reliance on forward-looking statements. Except as required by law, Grindr assumes no obligation, and does not intend, to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Investors:
IR@grindr.com

Media:
Press@grindr.com



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