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Grindr Agrees to Merge With SPAC Tiga Acquisition Corp.

Transaction will support social network’s growth, launch new endeavors and continue its work to advance best interests of global LGBTQ+ community

San Francisco – May 10, 2022 – Cooley is advising Grindr, the #1 social network for the LGBTQ+ community, on its definitive agreement to merge with special purpose acquisition company (SPAC) Tiga Acquisition Corp. – a combination that will result in Grindr becoming a publicly listed company. Partners Dave Peinsipp, Jamie Leigh, Kristin VanderPas, Garth Osterman, Will Cai, Jeffrey Tolin and Aaron Pomeroy, as well as associates Sangitha Palaniappa, Kyle Huh, JJ Meng, Dannielle Antone, Mike Lam and Meera Patel, led the Cooley team advising Grindr. 

The combined company, which will be named Grindr Inc., is expected to have a post-transaction enterprise value of $2.1 billion. Cash proceeds raised will consist of TAC’s approximately $284 million of cash in trust and up to $100 million in additional cash equity from a forward purchase agreement. The business combination is expected to be completed in the second half of 2022. 

“Grindr is well positioned to be a public company and will continue to expand the ways it serves the LGBTQ+ community, from products, services to the philanthropic and advocacy work done through Grindr 4 Equality,” Jeff Bonforte, chief executive officer of Grindr, said in the company’s press release

With roughly 12 million monthly active users in virtually every country in the world, Grindr has grown to become a fundamental part of the LGBTQ+ community since its launch in 2009. The company continues to expand its ecosystem to enable gay, bi, trans and queer people to connect, express themselves, and discover the world around them. In 2012, the West Hollywood, California-based company launched Grindr 4 Equality, with a mission to promote safety, health and human rights for LGBTQ+ people around the world through collaborations with advocacy groups in various countries. The Grindr app is available via the Apple App Store and the Google Play Store. 

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Related Contacts
David Peinsipp  Partner San Francisco, Palo Alto
Jamie Leigh  Partner San Francisco
Garth Angelo Osterman  Partner San Francisco
Kristin VanderPas  Partner San Francisco
Will Cai  Partner Hong Kong, Palo Alto
Jeffrey J. Tolin  Partner New York
Aaron Pomeroy  Partner Colorado
Travis LeBlanc  Partner Washington, DC, San Francisco
Alessandra Murata  Partner Palo Alto
Ross Eberly  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Lei Shen  Partner Chicago
Howard Morse  Partner Washington, DC
Charles Haley  Partner Palo Alto
Patrick Van Eecke  Partner Brussels
Len Jacoby  Partner New York
Guadalupe Sampedro  Partner London
Christopher Kimball  Partner Washington, DC
John Clark  Partner London
Patrick Flanagan  Partner New York
Michael Tollini  Partner Washington, DC, New York
David Wittenstein  Senior Counsel Washington, DC
Stella Sarma  Special Counsel Brussels, London
Bridget R. Reineking  Special Counsel Washington, DC
Sharon Connaughton  Special Counsel Washington, DC
Miriam Petrillo  Special Counsel Chicago
Karen Tsai  Special Counsel Washington, DC
Dillon Martinson  Special Counsel Washington, DC
J.G. Harrington   Special Counsel Washington, DC
Rebecca Ross  Special Counsel Washington, DC
Annie Froehlich  Special Counsel Washington, DC
Sangitha Palaniappa  Associate Palo Alto
Kyle Huh  Associate Palo Alto
Madison (JJ) Meng  Associate San Francisco
Dannielle Antone  Associate San Francisco
Mike Lam  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Meera Patel  Associate San Francisco
Kelsie Leigh Harris  Associate New York
Gabrielle Whitehall  Associate Washington, DC
Edward Wang  Associate San Francisco
Patrick Sharma  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Anisha Mohin  Associate New York
Eileen Leman  Associate Los Angeles – Downtown, Los Angeles – Santa Monica
Ajay Athavale  Associate San Francisco
Sarah Oliai  Associate Washington, DC
Kristopher Kleiner  Associate Colorado
Anne-Gabrielle Haie  Associate Brussels
Grady Chang  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Sam Meiklejohn   Associate London
Bartholomäus Regenhardt  Associate Brussels
Patricia Myers  Paralegal Specialist Colorado