03:56 PM EDT, 10/14/2025 (MT Newswires) -- Grindr ( GRND ) said major shareholders James Fu Bin Lu and George Raymond Zage III are exploring a potential take-private transaction valued at no less than $15 per share, according to a Schedule 13D filing Monday.

The group has engaged advisers and received a preliminary $1 billion debt financing proposal to fund the deal, the filing said. Lu and Zage's entities together hold about 64% of Grindr's ( GRND ) stock.

No formal offer has been made, and the group said there is no assurance a transaction will occur.

Grindr ( GRND ) shares fell 5.2%, with trading volume at 5.8 million shares, compared with a daily average of 2.2 million.

Price: 12.56, Change: -0.69, Percent Change: -5.17