Grindr, a dating app for the LGBTQ+ community, announced on Monday that it will become a public company. In a statement on Monday, Grindr said it has merged with Tiga Acquisition Corp., a special purpose acquisition company. The acquisition company will raise $384 million in cash proceeds, which includes $284 million of TAC’s cash in trust plus up to $100 million in a forward purchase agreement. Grindr also said the new merger will help pay off and satisfy debt and fund future growth. Grindr, founded in 2009, is a widely popular dating app in the LGBTQ community, attracting 10.8 million monthly users in 2021 with 80 percent of its users being under the age of 35, according to t
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