STOCK TITAN

Lu and Zage propose to acquire GRND; combined stake at 63.4%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Grindr Inc. (GRND): Schedule 13D/A signals a go‑private proposal. James Fu Bin Lu reported beneficial ownership of 23,893,322 shares of Common Stock, or 12.8% of the class, with sole voting and dispositive power over those shares. The percentage is based on 187,032,103 shares outstanding as of September 19, 2025. His holdings include 1,810 shares underlying RSUs vesting within 60 days of this statement, 2,645 shares held directly, and 23,888,867 shares held via Longview entities.

On October 24, 2025, Mr. Lu and George Raymond Zage III submitted a preliminary, non‑binding proposal to acquire all outstanding shares they do not already own at $18.00 per share. If completed, Grindr would be delisted from the NYSE and cease SEC periodic reporting. As of October 24, 2025, the Reporting Persons and the Mr. Zage entities, as a group, would collectively own 118,613,445 shares, or 63.4%, while expressly disclaiming beneficial ownership of each other’s shares.

Recent transactions include Longview Grindr’s sale of 1,000,000 shares to Mr. Zage at $13.15 per share on October 9, 2025, plus additional open‑market sales on October 10–17, 2025.

Positive

  • None.

Negative

  • None.

Insights

Preliminary $18.00 bid; outcome hinges on financing and committee review.

The filing discloses a $18.00 per‑share, preliminary and non‑binding proposal by James Lu and George Zage to acquire all Grindr shares not already owned. If consummated, the company would delist and terminate periodic reporting. The proposal specifies funding via a mix of equity and debt, subject to definitive agreements.

Ownership concentration is notable: Lu reports 12.8% beneficial ownership, and, when combined with the Mr. Zage entities, the group would hold 63.4% as of October 24, 2025, while disclaiming beneficial ownership of each other’s shares. This dynamic could influence transaction feasibility but does not guarantee completion.

Key dependencies include execution of definitive agreements and securing financing on stated terms. There is no assurance of a deal; subsequent disclosures will clarify process steps, including any special committee actions.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
The shares of Common Stock (as defined herein) set forth in Rows 7, 9 and 11 of this Cover Page consists of (i) 1,810 shares of the Common Stock of the Issuer (as defined herein) underlying restricted stock units held by Mr. James Fu Bin Lu that will vest within 60 days of this statement, (ii) 2,645 shares of the Common Stock of the Issuer held by Mr. James Fu Bin Lu, and (iii) 23,888,867 shares of Common Stock held by Longview Grindr Holdings Limited and Longview Capital Group Limited. The percentage set forth in Row 13 of this Cover Page is based on 187,032,103 shares of Common Stock of the Issuer outstanding as of September 19, 2025, as reported on Issuer's Form 8-K filed with the Securities and Exchange Commission on September 19, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage set forth in Row 13 of this Cover Page is based on 187,032,103 shares of Common Stock of the Issuer outstanding as of September 19, 2025, as reported on Issuer's Form 8-K filed with the Securities and Exchange Commission on September 19, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentage set forth in Row 13 of this Cover Page is based on 187,032,103 shares of Common Stock of the Issuer outstanding as of September 19, 2025, as reported on Issuer's Form 8-K filed with the Securities and Exchange Commission on September 19, 2025.


SCHEDULE 13D


James Fu Bin Lu
Signature:James Fu Bin Lu
Name/Title:James Fu Bin Lu
Date:10/24/2025
Longview Capital Group Limited
Signature:James Fu Bin Lu
Name/Title:James Fu Bin Lu, Member
Date:10/24/2025
Longview Grindr Holdings Limited
Signature:James Fu Bin Lu
Name/Title:James Fu Bin Lu, Director
Date:10/24/2025

FAQ

What did GRND disclose in this Schedule 13D/A?

A preliminary, non‑binding proposal by James Lu and George Zage to acquire all outstanding shares they do not own for $18.00 per share.

How much of Grindr does James Lu report owning?

He reports beneficial ownership of 23,893,322 shares, or 12.8%, with sole voting and dispositive power.

What is the reference share count for the ownership percentages?

Percentages are based on 187,032,103 shares outstanding as of September 19, 2025.

What is the combined ownership with the Mr. Zage entities?

As of October 24, 2025, the Reporting Persons and the Mr. Zage entities would collectively own 118,613,445 shares, or 63.4%.

What happens if the $18.00 proposal is completed?

Grindr’s Common Stock would be delisted from the NYSE and its SEC periodic reporting obligations would terminate.

Were there recent share transactions disclosed?

Yes. On October 9, 2025, 1,000,000 shares were sold to Mr. Zage at $13.15 per share; additional open‑market sales occurred on October 10–17, 2025.
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