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 - 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].

Grindr's AI-Native Strategy - Grindr is building a global super app for gay & bi men, enhancing the core use case with AI and creating new DTC businesses[6] - The company is developing Grindr AI (gAI), a full-stack foundation with three layers: Application, Architecture, and Foundational Models[13] - gAI is designed to capture gay cultural context, behavior patterns, and intent signals at scale, driving user experiences and competitive advantage[17] User Base and Engagement - Grindr has a valuable, trendsetting user base with unmatched reach and engagement[9] - The platform is present in 190+ countries and territories[10] - Users send over 130 billion chats annually[10, 31, 37] - Grindr boasts 2.5 billion+ album shares[10] - The median household income for male-male couples on Grindr is $128,000, compared to $75,000 for all households[10] - Grindr has 14.9 million monthly active users who spend approximately an hour a day on the app[37] A-List and gAI Deployment - A-List, Grindr's first AI-native product at scale, redefines how users connect by prioritizing high-potential chats and summarizing conversations[29, 31] - Agentic AI is supporting the engineering team, boosting productivity per workload by up to 10x and contributing up to 20% of shipped code[32]