Majority Grindr Shareholders George Raymond Zage III and James Fu Bin Lu Submit Non-Binding Offer to Acquire All Outstanding Shares of Grindr Inc. for $18.00 per Share

Core Points - The Proposing Shareholders, George Raymond Zage III and James Fu Bin Lu, submitted a non-binding proposal to acquire all outstanding shares of Grindr Inc. not already owned by them, offering $18.00 per share, which represents a 51% premium over the stock price on October 10, 2025 [1] - The Proposing Shareholders have secured significant interest for financing the acquisition, indicating confidence in funding the transaction [1] - Zage has been a consistent buyer of Grindr shares since its public listing, purchasing over $200 million worth, and is willing to contribute additional equity for the deal [1] - The proposal aims to position Grindr for focused growth as a private entity, with the Proposing Shareholders looking to engage constructively with the company's management and board [1] Company Background - Grindr was acquired by Zage and Lu in June 2020, and they led the company's public listing in November 2022 [1] - Both Zage and Lu have served on Grindr's Board of Directors since the acquisition, with Lu serving as Chairman [1]