Tiga Acquisition in an 8-K filing included an investor presentation highlighting its proposed merger with dating app Grindr. A proxy was filed and distributed to shareholderrs last month.
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 deal would consist of Tiga’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 cash closing condition of $100 million. Read more.
