Financial Performance - Grindr reported third quarter 2025 revenue of $116 million, representing a 30% year-over-year growth[1] - Net income for the quarter was $31 million, with a net income margin of 27%[1] - Adjusted EBITDA reached $55 million, resulting in an adjusted EBITDA margin of 47%[1] - The company expects full-year 2025 adjusted EBITDA to be between $191 million and $193 million, with an adjusted EBITDA margin above 43%[1] - Grindr reaffirmed its revenue growth outlook of 26% or greater for the full year 2025[1] - Free cash flow for the third quarter was $51.2 million, with a free cash flow conversion rate of 93.5%[17] - Net cash provided by operating activities was $55.4 million for the third quarter, up from $29.1 million in the same period last year[17] User Engagement - The average monthly active users (MAU) exceeded 15 million, indicating strong user engagement and growth[20] Strategic Initiatives - The company is focused on enhancing user experience through significant innovations in the Grindr app over the past three years[1] - Grindr is actively exploring strategic transactions, including partnerships and acquisitions, to expand its product offerings and market presence[6]

Core Points - Grindr Inc. announced the resignation of James Lu from the Board of Directors to focus on personal business priorities, with J. Michael Gearon, Jr. appointed as Lead Independent Director [1][2] - Lu expressed optimism about Grindr's future and emphasized his commitment to the company despite his resignation, highlighting his ongoing engagement with the Board [2][4] - A non-binding proposal to take Grindr private at $18.00 per share was submitted by Lu and co-bidders, which the Special Committee is currently evaluating [3][5] Company Updates - James Lu has served as Chairperson for over five years and contributed significantly to Grindr's growth and public market entry [2][4] - The Board is actively seeking new candidates for board membership to enhance its skills and expertise [2] - Grindr has over 15 million average monthly active users and operates in more than 190 countries, focusing on LGBTQ+ community support and human rights [7]

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 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 to oversee the transaction [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].

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 to oversee the transaction [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]. Group 3: Firm Background - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm specializing in securities class actions and shareholder litigation, with a strong track record of recovering significant amounts for clients [8].

Group 1 - The DJS Law Group is investigating claims on behalf of investors of Grindr Inc. for potential breaches of fiduciary duty by its directors and management [1] - The investigation is focused on whether the Grindr board has breached its fiduciary duties to investors [1] - Shareholders who have suffered losses are encouraged to contact the DJS Law Group to participate in the investigation [1] Group 2 - DJS Law Group specializes in enhancing investor returns through balanced counseling and aggressive advocacy, focusing on securities class actions and corporate governance litigation [2] - The firm represents some of the largest hedge funds and alternative asset managers globally, emphasizing the value of litigation claims as significant assets [2]

Core Viewpoint - Berman Tabacco is investigating the proposal by controlling stockholders of Grindr Inc. to take the company private by cashing out public stockholders at $18.00 per share [1][2][3] Investigation Details - On October 14, 2025, Grindr received a letter from controlling stockholders George Raymond Zage, III and James Fu Bin Lu expressing interest in a going-private transaction [2] - On October 24, 2025, Zage and Lu made an offer to purchase all Grindr shares from minority stockholders for $18.00 per share [2] - Concerns have been raised regarding the independence of the special committee appointed by Grindr to review the transaction, especially since it previously authorized stock buybacks that increased Zage's ownership past 50% [2] - There is no indication that the transaction will require the affirmative vote of a majority of minority stockholders [2] Legal Investigation - Berman Tabacco is examining whether Grindr's controlling stockholders and board of directors have breached their fiduciary duties to stockholders in relation to the proposed transaction [3]

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]. - Lu and Zage have secured debt financing of up to $1 billion, contingent on the deal being at or above $15 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 unless the firm secures a favorable outcome [6].

Core Viewpoint - Grindr Inc. is experiencing significant stock price movement due to a proposed privatization deal potentially valued at $3.46 billion, leading to an 18.86% increase in share price to $15.06 [1][3]. Group 1: Privatization Proposal - The privatization proposal was initiated by two major shareholders, Ray Zage and James Lu, who collectively own over 60% of Grindr and are looking to increase their stake at a price of $18 per share, indicating a 19.5% upside from the latest closing price [2][4]. - The Special Committee of Grindr, along with independent directors, is currently reviewing the unsolicited take-private proposal and assessing the best course of action for all shareholders, although the transaction is not guaranteed [4]. Group 2: Market Reaction - Following the news of the privatization offer, Grindr's stock surged by 18.86% on Friday, reflecting strong investor interest in the shares [1][3].

Core Viewpoint - Grindr Inc. has received a non-binding, unsolicited take-private proposal from large shareholders Ray Zage and James Lu to acquire the company for $18.00 per share in cash, with the proposing shareholders owning over 60% of the outstanding shares [1][2]. Group 1: Proposal Details - The Special Committee of Grindr's Board of Directors is reviewing the unsolicited take-private proposal in consultation with legal and financial advisors [2]. - The proposal is non-binding, and there is no assurance that it will lead to a transaction or any strategic outcome [3]. Group 2: Company Focus - Grindr remains focused on delivering strong execution and serving its distinctive user base, emphasizing the importance of the Grindr app in their daily lives [3]. - The company has appointed John North as Chief Financial Officer to support and accelerate its rapid growth [8]. Group 3: Advisory Support - J.P. Morgan Securities LLC is acting as the financial advisor, while Vinson & Elkins LLP is providing legal counsel to the Special Committee [4].

Group 1 - The proposal prices the shares at $18 each, representing a premium of about 51% to Grindr's stock price on October 10 [1]