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GRND SHAREHOLDERS: An Investigation into the Grindr Inc. $18 Take Private Sale has been Initiated on behalf of Shareholders -- Contact BFA Law
Globenewswire· 2025-11-21 11:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].
GRND STOCK: Grindr Inc. Board Investigated for Breaches of Fiduciary Duties after $18 Deal Announced – Shareholders Notified to Contact BFA Law
Globenewswire· 2025-11-19 13:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].
GRND SECURITIES ALERT: Grindr Inc. Faces Investigation into the $18.00 Take Private Deal – Contact BFA Law if You Hold Shares
Globenewswire· 2025-11-17 13:08
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 each [3]. Transaction Structure - The proposed transaction is characterized as a controller take-private deal, with no indication that it will require a majority-of-the-minority stockholder vote for final approval [4]. - A special committee has been appointed by Grindr's board in connection with the transaction, but its effectiveness in checking the controlling stockholders' influence remains uncertain [4].
GRINDR INVESTORS: The Grindr Inc. (GRND) Take Private Sale is Under Investigation, Current Shareholders are Urged to Contact BFA Law
Newsfile· 2025-11-14 11:08
Core Viewpoint - Grindr Inc. is under investigation for potential breaches of fiduciary duties by its board of directors and majority stockholders in connection with a proposed take-private sale that would cash out minority shareholders [1][3][5] Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on majority stockholders James Fu Bin Lu and George Raymond Zage, III [1][5] - On October 14, 2025, SEC filings indicated that Lu and Zage proposed a transaction to take Grindr private, potentially excluding minority shareholders while maintaining their ownership [3] - Lu and Zage offered to purchase minority shareholders' shares for $18.00 each on October 24, 2025 [3] Group 2: Transaction Concerns - The proposed take-private transaction does not appear to require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the board [4] - The investigation aims to determine if the board and majority stockholders have acted in the best interests of all shareholders during this process [5] Group 3: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available [2][6] - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [6]
Earnings Estimates Moving Higher for GRINDR INC (GRND): Time to Buy?
ZACKS· 2025-11-12 18:21
Core Insights - Grindr Inc. (GRND) shows potential as a strong investment due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][8] - The trend of increasing earnings estimate revisions reflects growing analyst optimism, which is likely to positively impact the stock price [2][3] Current-Quarter Estimate Revisions - For the current quarter, Grindr is expected to earn $0.15 per share, representing a year-over-year increase of +66.7% [5] - Over the past 30 days, the Zacks Consensus Estimate for Grindr has risen by 15.39%, with one estimate moving higher and no negative revisions [5] Current-Year Estimate Revisions - The expected earnings for the full year are $0.53 per share, reflecting a substantial change of +488.9% from the previous year [6] - The trend for current-year estimates is also positive, with one estimate increasing and no negative revisions noted [6] Zacks Rank - Grindr currently holds a Zacks Rank 2 (Buy), indicating favorable estimate revisions that enhance its investment appeal [7] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [7] Bottom Line - The stock has gained 18.5% over the past four weeks, driven by solid estimate revisions, suggesting that it may be a good addition to investment portfolios [8]
GRND SHAREHOLDER ALERT: BFA Law Announces an Investigation into the Grindr Inc. Take Private Sale on behalf of Current Shareholders
Newsfile· 2025-11-12 12:17
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private sale that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, regarding their proposal to take Grindr private, which would cash out minority shareholders while preserving their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 each [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation unless a recovery is achieved [6].
GRND STOCK NOTICE: Grindr Inc. Shareholders may have Rights in the Upcoming Take Private Transaction and are Urged to Contact BFA Law
Newsfile· 2025-11-10 11:06
Core Viewpoint - Grindr Inc. is under investigation for potential breaches of fiduciary duties by its board of directors and majority stockholders in relation to a proposed take-private transaction that may disadvantage minority shareholders [1][3][5]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating Grindr's board and majority stockholders, James Fu Bin Lu and George Raymond Zage, III, for possible fiduciary duty violations regarding a take-private sale [1][5]. - On October 14, 2025, SEC filings indicated that Lu and Zage proposed a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3]. - Lu and Zage offered to purchase minority shareholders' shares for $18.00 each on October 24, 2025 [3]. Group 2: Transaction Conditions - The proposed take-private transaction does not appear to require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. - The special committee's role in overseeing the transaction and protecting minority shareholders' interests remains uncertain [4].
Why Investors Were Eagerly Hooking Up With Grindr Stock Today
The Motley Fool· 2025-11-08 02:58
Core Insights - Grindr's share price increased by 11% following a strong quarterly earnings report, outperforming the S&P 500 index's slight increase of 0.1% [1][5] Financial Performance - Grindr reported third-quarter revenue of $115.8 million, significantly higher than the $89 million reported in the same period of 2024 [3] - Net income rose to $31 million from $25 million year-over-year, with non-GAAP adjusted earnings increasing by 78% to $0.16 per share [3][4] - Analysts had estimated revenue of just over $113 million and adjusted earnings of $0.12 per share, indicating Grindr exceeded expectations [4] Future Outlook - The company anticipates full-year revenue growth of 26% compared to 2024 results, with adjusted EBITDA guidance set between $191 million and $193 million [6] - Grindr's management attributes recent growth to "accelerating product velocity and durable engagement growth" [4] Market Position - Grindr has established itself as a key player in the dating niche, although growth may moderate as it transitions to an incumbent status [7]
GRND SECURITIES ALERT: Grindr Inc. $18 Take Private Deal Triggers Investigation – Shareholders Notified to Contact BFA Law
Globenewswire· 2025-11-07 13:36
Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [6].
Grindr Inc. (GRND) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-11-07 00:26
Core Insights - Grindr Inc. reported quarterly earnings of $0.16 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and showing an increase from $0.05 per share a year ago, resulting in an earnings surprise of +33.33% [1] - The company generated revenues of $115.77 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.46% and increasing from $89.32 million year-over-year [2] - Grindr Inc. shares have declined approximately 26.1% since the beginning of the year, contrasting with the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $124.6 million, and for the current fiscal year, it is $0.47 on revenues of $436.8 million [7] - The estimate revisions trend for Grindr Inc. was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Grindr Inc. belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]