Tiga Acquisition in an 8-K filing said shareholders voted in favor of combining with Grindr, an LGBTQ+ social media company.
Although redemptions reached nearly 99% of shares outstanding, the SPAC in the filing said the deal is still expected to close Friday.
As announced in May, proceeds were expected to consist of the SPAC’s approximately $284 million of cash in trust at that time and up to $100 million in additional cash equity from a forward purchase agreement.
The deal has a $100 minimum cash condition to close. Read more.
