Grindr largest stockholder Zage crosses 50% ownership after share repurchases

Grindr Inc.

• G. Raymond Zage III beneficial ownership increased to ~50.11% of outstanding common stock as of September 19, 2025.
• Triggered by $500M buyback program; special committee of independent directors authorized repurchases that pushed ownership above 50%.
• No consideration paid by Zage; his ownership previously ranged from ~44.9% to ~49.9% since the 2022 SPAC merger.
• Company knows of no other arrangements that would result in a future change in control.
• Board had directed management to alert if repurchases would cause Zage's ownership to reach or exceed 50%.