Grindr Confirms Received $18/Share Proposal From Large Holders

Grindr confirmed the special committee of its board received a non-binding, unsolicited take-private proposal from large shareholders Ray Zage and James Lu for $18 per share in cash.

• Company does not intend to comment or update further unless and until further disclosure is determined to be appropriate or necessary
• JPMorgan Securities is financial adviser to the special committee
• NOTE: Grindr Holders Submit Proposal to Buy Co. at $18/Shr

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