Tiga Acquisition announced today that it has approved a merger deadline extension until Nov. 27.
In consideration for the extension, Tiga’s sponsor will buy 2.76 million private placement warrants at $1 each and the proceeds will be deposited into the the SPAC’s trust.
Tiga earlier this month announced an agreement to merge with dating app Grindr. Proceeds on that deal would 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. Read more.
