11:27 AM EST, 11/24/2025 (MT Newswires) -- (Updates with recent stock price movement in the headline and first paragraph.)

Grindr's ( GRND ) shares were down more than 11% in recent Monday trading after the company said its board's special committee ended talks over an unsolicited $18-per-share take-private proposal from major shareholders Ray Zage and James Lu.

Grindr ( GRND ) said the committee made the determination due to continued uncertainty about the financing of the proposal.

The company said the committee has been unable to get satisfactory information about definitive financing and has determined that continuing discussions are not in the best interests of shareholders.

The proposing shareholders and their affiliated entities, who hold more than 60% of the company's outstanding shares, submitted the non-binding offer on Oct. 24, the company said.

Price: 12.22, Change: -1.62, Percent Change: -11.71