secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001140361-22-042994
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 9.01, 5.02, 3.02, 4.01, 3.03, 5.01, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Grindr completes SPAC merger with Tiga; receives ~$105M in gross proceeds, begins trading
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- Business Combination closed Nov 18, 2022; Tiga renamed Grindr Inc., begins trading on NYSE (GRND, GRND WS).
- Received ~$105.1M gross cash proceeds ($5.1M trust, $50M forward purchase, $50M backstop) after 27.1M shares redeemed at $10.50.
- Post-closing shares outstanding: 173.5M; Tiga shareholders hold ~49.5%; Grindr management/directors own ~81.4%.
- Amended credit agreement with Fortress allows up to $170.8M term loans; Catapult GP II repaid ~$12M of Catapult Note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000114036122042994/0001140361-22-042994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000114036122042994/ny20005860x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-042994

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer