US EditionGrindr Surges After Holders Offer $18/share in Take Private (GRND:NYSE)
Majority owners James Lu and Raymond Zage offer $18 per share, a 51% premium, to take Grindr private and align closely with current management.
- On October 24, 2025, George Raymond Zage III and James Fu Bin Lu, who together own more than 60% of Grindr Inc., submitted a non-binding proposal to buy Minority Shares at $18 per share, a 51% premium.
- They first alerted the board on October 13 that they were exploring a going-private transaction and requested a board response by October 31.
- According to filings, Zage and Lu said they are firmly aligned with management and would make no leadership changes, as lenders seized some shares pledged for loans,
- The Proposing Shareholders said they have already lined up financing interest, securing significant expressions from debt and equity investors to fund the Acquisition, and urged investors to review any SEC filings available on the SEC website.
- Given recent revenue disappointment despite peer comparisons, Grindr shareholders hope for constructive talks with CEO George Arison and the board, as the stock traded above $20 recently.
23 Articles
23 Articles
Grindr?s Take-Private Proposal A Potential Game Changer Amidst Market Challenges
Grindr Inc., famously known as the 'Global Gayborhood in Your Pocket,' is stirring interest among investors as the company's Special Committee of its Board of Directors has confirmed the receipt of a non-binding take-private proposal from significant shareholders, Ray Zage and James Lu. The duo has proposed to acquire the company for $18.00 per share in cash''a compelling offer, particularly in light of the current market climate. As of now, Gri…
Grindr Stock Skyrockets on Buyout Buzz – What Investors Need to Know
Buyout Buzz Sends GRND Soaring Grindr’s stock price skyrocketed after news of a potential insider buyout broke. On Friday, Oct. 24, GRND opened at $14.50 and surged as high as $16.22 intraday, an approximately 25% jump from the prior day’s close investing.com. The rally came after Grindr confirmed that its two largest shareholders – board Chair James Fu Bin Lu and director G. Raymond Zage III – had submitted a preliminary proposal to take the co…
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