WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--

Grindr Inc. ( GRND ) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today confirmed that the Special Committee of its Board of Directors (the “Board”) has received a non-binding, unsolicited take-private proposal from large shareholders Ray Zage and James Lu (the “Proposing Shareholders”) to acquire Grindr ( GRND ) for $18.00 per share in cash. The Proposing Shareholders, together with their affiliated entities, currently beneficially own more than 60% of the outstanding shares of the Company’s common stock.

As previously announced on October 14, 2025, the Board formed a Special Committee comprised of disinterested and independent directors in response to interest expressed by the Proposing Shareholders in exploring a possible transaction. “The Special Committee, in consultation with its legal and financial advisors, is reviewing the unsolicited take-private proposal and will be evaluating the best path forward for all shareholders,” said Special Committee Chair, Chad Cohen.

There is no assurance that this proposal will result in a transaction or any other strategic outcome. The Company does not intend to comment or update further unless and until further disclosure is determined to be appropriate or necessary. Grindr ( GRND ) remains focused on continuing to deliver strong execution and serving its distinctive user base, for whom the Grindr ( GRND ) app is of vital importance in their day-to-day lives.

J.P. Morgan Securities LLC is acting as financial advisor to the Special Committee, and Vinson & Elkins LLP is acting as legal counsel to the Special Committee.

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Source: Grindr Inc. ( GRND )