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on the public market. Or, in other terms, the company is making the private into the public鈥攁 move its kinda already enacted with user data. On Monday, the worlds most popular queer dating app announced it would soon become a publicly traded company. To enable the move to the markets, Grindr, which has been around since 2009 and now has about 11 million monthly users, is being acquired by a special acquisition company called Tiga Acquisition Corp. Tiga is a blank check company based in the Cayman Islands and led by two former Goldman Sachs guys. The post-transaction, new public company will be
stanley cup called Grindr Inc., and is valued at an estimated $2.1 billion. Tiga plans to put up $384 million to seal the deal, including $284 million in cash in trust, and an additional $100 million in a forward purchase agreement. In their press statement, Grindr said those funds will be used to pay off debt and fund planned growth initiat
stanley mugs ives. Once all is said and done, Grindrs existing equity holders will keep an estimated 78% of the company, according to a press r
stanley mugg elease from Tiga. The acquisition was unanimously approved by both companys boards, and is expected to close in the later half of this year, so Grindr Inc. wont be hitting the NASDAQ until then. Grindr is the leading platform focused on the LGBTQ+ community for digital connection and engagement. We have a near ubiquitous global brand in the community we serve, impressive scale, best-in-class user engagement metrics and adju Zhvr What to Do If You Need a Return or Pick Up at the Apple Store During the Covid-19 Outbreak
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