San Diego, California--(Newsfile Corp. - January 28, 2026) - Johnson Fistel, PLLP announces an investigation into potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (NYSE: GRND).The investigation concerns the Board's decision to terminate negotiations with Grindr's controlling stockholder and whether that decision-and related recent corporate actions-were consistent with the duties owed to all stockholders, particularly minority holders.We are reviewing whether the Board's choice ...

Core Insights - Maple Tree Capital's Q3 2025 performance was mixed, with the Jonagold portfolio experiencing a 13.12% loss due to a decline in Upstart, while the Heartwood portfolio gained 40.2%, significantly outperforming the S&P 500's 82% return since its inception in 2023 [1] Company Performance - Grindr Inc. (NYSE:GRND) reported a one-month return of 3.15% but faced a 24.83% decline over the last 52 weeks, closing at $13.41 per share with a market capitalization of $2.574 billion on December 29, 2025 [2] - Grindr's total revenue increased by 30% year-over-year to $116 million in Q3 2025 [4] Competitive Landscape - Grindr is facing increased competition from emerging dating apps like Sniffies, which has contributed to a steep decline in its stock price [3] - Concerns regarding Grindr's user metrics and ARPPU growth have been raised, leading to a short report that has intensified negative sentiment [3] Investment Outlook - Despite the challenges, Maple Tree Capital believes Grindr is well-positioned to serve the LGBTQ+ community and plans to increase its stake in the company [3] - Grindr is not among the 30 most popular stocks among hedge funds, with 29 hedge fund portfolios holding its shares at the end of Q3 2025, down from 32 in the previous quarter [4]

Core Points - Two burglars used the Grindr dating app to deceive victims into allowing them into their homes, leading to theft of devices and funds [1][9] - Rahmat Khan Mohammadi targeted 11 victims over a five-month period, while Mohammed Bilal Hotak committed multiple offenses within a shorter timeframe [2] - Both men received significant prison sentences, with Mohammadi sentenced to five years and Hotak to three and a half years [2] Legal Proceedings - Judge Adenike Balogun highlighted the psychological trauma and distress caused to the victims, emphasizing the violation of their private spaces [3] - The prosecution suggested that the crimes could be viewed as hate crimes due to the targeting of victims based on their sexuality [3][4] - The judge noted that the victims were targeted for their perceived vulnerability rather than out of hostility towards their sexuality [4] Modus Operandi - The burglars exploited Grindr to gain easy access to victims' homes, often using deceptive profiles and distraction tactics to facilitate the theft [5][7] - They would ask victims to play music on YouTube, which prevented the phone from being locked, allowing them to steal devices [7] - The defense argued that Grindr's anonymity provided a unique opportunity for the men to commit their crimes without fear of repercussions [9] Victim Impact - Victims reported severe psychological trauma, with one individual expressing distress over losing irreplaceable family photos stored on his phone [9][10] - Another victim described the experience as invasive and degrading, leading to lasting fear of online dating [10] - The Metropolitan Police's hate crime lead characterized the crimes as "callous, calculated, pre-planned," emphasizing the devastating impact on victims [13]

Core Insights - Grindr Inc. is projected to be a significant investment opportunity by 2026, with potential for substantial returns [1] - The company has reaffirmed its revenue growth outlook for 2025, despite recent developments regarding a take-private offer [2][3] Financial Performance - For Q3, Grindr reported a revenue of $116 million, exceeding analyst expectations by $2.69 million [3] - The net income for the same period was $31 million [3] - The company raised its full-year 2025 adjusted EBITDA outlook to between $191 million and $193 million, indicating a margin greater than 43% [3] - Grindr's management reaffirmed a revenue growth outlook of 26% or greater for 2025 [3] Corporate Developments - Grindr decided to cease engagement with a take-private offer from shareholders Ray Zage and James Lu, who proposed to buy the company for $18 per share in cash [2] - The decision was made by a special committee of the board due to ongoing uncertainty regarding the financing of the proposed offer [2] Business Model - Grindr operates social networking and dating applications specifically for the LGBTQ communities worldwide [4]

Core Point - A privacy advocacy group, noyb, has filed complaints against TikTok, Grindr, and AppsFlyer for allegedly breaching regional privacy laws, which could lead to the exposure of sensitive data [1] Group 1 - The complaints were submitted to Austria's data protection authority [1] - The allegations suggest that the companies risk exposing sensitive user data [1]

Core Viewpoint - Grindr Inc. has amended, extended, and upsized its syndicated revolving credit and term loan facility from $350 million to $600 million [1] Group 1: Financial Details - The Term Loan A was increased by $100 million to a total of $400 million [1] - The revolving credit facility was increased by $150 million to a total of $200 million [1] - The maturities of the loans have been extended from November 2028 to January 2031 [1] Group 2: Use of Proceeds - Proceeds from the amended facility will be used to refinance existing obligations [1]

Core Viewpoint - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. regarding their decision to terminate negotiations with the company's controlling stockholder, assessing whether this decision aligns with the duties owed to all stockholders, especially minority holders [1]. Group 1 - The investigation focuses on the impact of the Board's decisions on stockholder rights, including the balance of control within the company and the treatment of non-controlling investors [2]. - Shareholders of Grindr are encouraged to participate in the investigation and can find more information through a provided link [2]. - Johnson Fistel, PLLP is a recognized law firm specializing in shareholder rights, representing both individual and institutional investors in various legal actions [3]. Group 2 - In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, having recovered approximately $90.725 million for clients in cases where it served as lead or co-lead counsel [4].

Core Insights - Voya Investment Management's "Voya MI Dynamic Small Cap Fund" experienced underperformance in Q3 2025, primarily due to stock selection issues despite a strong recovery in equity markets [1] - The fund's performance was negatively impacted by its overweight position in Grindr Inc. (NYSE:GRND), which reported disappointing Q2 2025 results [3] Fund Performance - The equity markets rebounded significantly in Q3 2025, recovering from earlier volatility caused by tariffs, with growth stocks outperforming value stocks [1] - The fund underperformed the index on a NAV basis during the quarter [1] Grindr Inc. (NYSE:GRND) Analysis - Grindr Inc. had a one-month return of -11.07% and a 52-week loss of 12.97%, closing at $13.49 per share with a market capitalization of $2.59 billion as of December 5, 2025 [2] - The stock was identified as a primary detractor from the fund's performance, influenced by a negative shift in its earnings results compared to previous quarters [3] Hedge Fund Interest - Grindr Inc. was held by 29 hedge fund portfolios at the end of Q3 2025, a decrease from 32 in the previous quarter [4] - Despite a 30% year-over-year revenue increase to $116 million, the company is viewed as having less upside potential compared to certain AI stocks [4]

Core Viewpoint - Grindr Inc. (GRND) shares have increased by 2.4% over the past four weeks, closing at $13.51, with a mean price target of $21.75 indicating a potential upside of 61% [1] Price Targets - The average price target consists of four estimates ranging from a low of $20.00 to a high of $26.00, with a standard deviation of $2.87, suggesting a potential increase of 48% to 92.5% from the current price [2] - A low standard deviation indicates a strong agreement among analysts regarding the price targets, which can be a useful indicator for further research [9] Analyst Sentiment - Analysts have shown increasing optimism about GRND's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates with potential stock price movements [11] - The Zacks Consensus Estimate for the current year has risen by 12.8% over the past month, with no negative revisions [12] Zacks Rank - GRND holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a directional guide for price movement [14]

Core Viewpoint - Grindr Inc. is viewed positively by Wall Street analysts, with a Buy rating reaffirmed after a rejected take-private offer, indicating confidence in its long-term growth potential [1][2]. Company Performance - Grindr confirmed it will not proceed with a $3.46 billion private deal due to financing issues, as major shareholders failed to provide necessary information [2]. - The company reported a strong third quarter, with revenue exceeding estimates by 2% and EBITDA surpassing expectations by 11% [4]. - Grindr's revenue growth is projected at approximately 26% for the full year, with nearly 29% year-over-year growth noted [3][4]. Market Position - Grindr remains the leading dating app within the LGBTQ community, benefiting from a strong network effect despite competition from Match and Bumble [3]. - The company is expected to maintain its leadership in the dating space and is planning a premium AI offering for 2026-2027, which could provide future growth opportunities [4]. Financial Outlook - Citizens lowered Grindr's price target to $21 from $23 but maintained a Market Outperform rating, reflecting confidence in the company's growth trajectory [4]. - Analysts anticipate Grindr will achieve profitability this year, projecting an EPS of $0.51 [4].