Tiga Files Prelim Proxy on $2.1B Grindr Deal

Tiga Acquisition in an S-4 filing included a proxy and preliminary prospectus on its proposed merger with dating app Grindr.

The SPAC is currently on its third deadline extension, now due to expire Nov. 27.

As announced in May, the Grindr deal has a post-transaction enterprise value of $2.1 billion.

Proceeds on the Grindr 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. The deal has a minimum cassh closing condition of $100 million. Read more.

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