Grindr SPAC: Whenever commonly Grindr inventory go societal?

Grindr is anticipated to visit societal via an effective SPAC deal with blank cheque company Tiga Order Corp. (TCA) on the second half off 2022. The fresh announcement was created on may nine, additionally the deal is anticipated to close off pursuing the regulatory and you will stockholder acceptance. The offer has already been unanimously approved by one another boards out of Grindr and you may Tiga. SPAC sales usually occurs reduced than simply old-fashioned IPOs with smaller warning to have public buyers.

Through to closing of the price, the latest combined company could be in public areas replaced under the title Gindr Inc. It is expected to getting listed on the New york Stock Replace where Tiga already trading underneath the ticker ‘TINV.’ It is unknown in case the inventory ticker will change shortly after the fresh merger.

Proceeds from the fresh new SPAC price are expected as $284 billion from Tiga Buy Corp. which have an extra $a hundred billion regarding a forward purchase arrangement.

The latest Raine Category LLC try providing because the financial advisor to Grindr, and you can Cooley LLP are acting as legal coach. (more…)