Grindr explores potential take-private deal with debt financing

Grindr Inc. (NYSE: GRDR) shareholders are exploring a potential going-private transaction that would acquire all outstanding common stock not rolled over by existing shareholders, according to a Schedule 13D filing.

The group includes reporting persons and George Raymond Zage III, a Grindr board member and shareholder, along with entities he controls: Tiga Investments Eighty-Eight Pte Ltd, Tiga Investments Pte. Ltd. and Big Timber Holdings, LLC.

The parties have engaged financial and legal advisors to explore the acquisition possibility following recent decreases in Grindr's stock price. Any transaction would be funded primarily through debt financing, though the group may also contribute equity or involve other equity investors.

The group has received a preliminary debt financing proposal of up to $1 billion for an acquisition at a price to be determined, with a minimum of $15 per share from a lender they have worked with previously.

If the acquisition proceeds, shareholders owning 4% or more of outstanding common stock and management members would be offered the option to participate in the transaction.

On October 13, 2025, Mr. Lu delivered a letter to Grindr's board announcing the intention to file Schedule 13D amendments disclosing their exploration of the acquisition.

The filing states no acquisition terms have been determined and provides no assurance that an offer will be made, a definitive agreement reached, or a transaction completed. The parties reserve the right to pursue alternative plans or take different actions regarding their Grindr holdings.

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