Tuesday, May 10, 2022

Grindr Plans To Go Public Via SPAC Deal

West Hollywood-based LGBTQ+ dating app developer Grindr said on Tuesday that it in a deal to go public, via a special purpose acquisition company (SPAC). According to the company, it plans to combine with Tiga Acquisition Corp., which trades on the NYSE as TINV. The company said the deal includes $284M from Tiga Acquisition Corp., and $1.6 billion in rollover equity, giving the combined company a post-transaction enterprise value of $2.1 billion.

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