Grindr Special Committee Ceases Engagement with Respect to Unsolicited Take-Private Proposal from Large Shareholders
Grindr Inc. (GRND)
Company Research
Source: Business Wire
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today announced that the Special Committee (the “Special Committee”) of its Board of Directors (the “Board”) has determined to cease engagement with respect to a non-binding, unsolicited take-private proposal (the “Proposal”) from large shareholders Ray Zage and James Lu (the “Proposing Shareholders”) to acquire Grindr for $18.00 per share in cash. The Special Committee made this determination due to continued uncertainty as to the financing for the Proposal.The Proposing Shareholders, together with their affiliated entities, currently beneficially own more than 60% of the outstanding shares of the Company’s common stock. The Proposing Shareholders sent the Proposal to the Special Committee on October 24, 2025.The Special Committee, which is comprised of disinterested and independent directors, in consultation with its independent financial and lega
Show less
Read more
Impact Snapshot
Event Time:
GRND
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GRND alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GRND alerts
High impacting Grindr Inc. news events
Weekly update
A roundup of the hottest topics
GRND
News
- Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout TerminationPR Newswire
- Grindr UNWRAPPED 2025: The Biggest, Boldest & Gayest Year in ReviewBusiness Wire
- Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties in the Grindr Buyout TerminationGlobeNewswire
- George Raymond Zage Ill and James Fu Bin Lu Respond to Grindr Special Committee decision to Cease Engagement on Proposed Take-Private TransactionPR Newswire
- GRND SHAREHOLDERS: An Investigation into the Grindr Inc. $18 Take Private Sale has been Initiated on behalf of Shareholders -- Contact BFA LawGlobeNewswire
GRND
Earnings
- 11/6/25 - Beat
GRND
Sec Filings
- 12/5/25 - Form 4
- 12/4/25 - Form 4
- 12/2/25 - Form 4
- GRND's page on the SEC website