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GRND STOCK NOTICE: Grindr Inc. Shareholders may have Rights in the Upcoming Take Private Transaction and are Urged to Contact BFA Law
Grindr Grindr (US:GRND) Newsfileยท2025-11-10 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].