Proposal to Acquire Grindr Inc. in a Going-Private Transaction

James Fu Bin Lu and George Raymond Zage III, along with their affiliated entities, have submitted a non-binding proposal to acquire all outstanding shares of Grindr Inc. not already owned by them. The offer price is $18.00 per share, representing a 51% premium over the stock price on October 10, 2025. The acquisition would be funded through a combination of rollover equity, a $1.0 billion first-lien term loan facility, and new cash equity investments. The Proposing Shareholders intend to form an acquisition vehicle for this purpose and expect to complete the transaction in the first quarter of 2026. The proposal includes no go-shop rights or fiduciary outs, aiming for efficient execution and value realization for minority shareholders. The Proposing Shareholders have engaged Milbank LLP as legal counsel and request prompt execution of a confidentiality agreement to expedite due diligence.