Tiga Acquisition Corp. to acquire Grindr for $1.584B in all-stock deal

Grindr Inc.

Grindr valued at $1.584B; merger consideration at $10.00 per share of New Grindr Common Stock.
SPAC to redomesticate from Cayman to Delaware and rename to Grindr Inc.; ticker expected to change.
Sponsor provides $50M forward purchase backstop; minimum $100M cash required at closing.
Deal requires shareholder, HSR, CFIUS approvals; expected to close by Dec 31, 2022.

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