GRINDR NOTICE: Grindr Inc. (GRND) Board Faces Investigation into $18 Take Private Deal, Investors Urged to Contact BFA Law
Grindr Grindr (US:GRND) Newsfile·2025-11-24 11:08

Core Viewpoint - Grindr Inc.'s board of directors and majority stockholders are under investigation for potential breaches of fiduciary duties related to a proposed take-private transaction that would cash out minority shareholders at $18 per share [1][3][5]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on the actions of majority stockholders James Fu Bin Lu and George Raymond Zage, III [1][5]. - On October 14, 2025, SEC filings indicated that Lu and Zage were proposing a transaction to take Grindr private, which would exclude minority shareholders while maintaining their ownership [3]. - The offer to purchase minority shares at $18.00 per share was publicly disclosed 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 board [4]. - The special committee's role in overseeing the transaction and protecting minority shareholders' interests remains uncertain [4]. Group 3: 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 NOTICE: Grindr Inc. (GRND) Board Faces Investigation into $18 Take Private Deal, Investors Urged to Contact BFA Law - Reportify