Grindr Inc. announced the "Redemption Fair Market Value" to be used in connection with the redemption of its outstanding public and private warrants. The Redemption Fair Market Value was determined to be $17.96.
For warrant holders electing to exercise on a "cashless basis," they will receive 0.361 shares of common stock per warrant. This ratio was calculated based on the Redemption Fair Market Value and the time remaining until the warrants' expiration.
The public warrants, listed under "GRND.WS" on the New York Stock Exchange, are expected to cease trading at the close of business on February 21, 2025, the trading day prior to the Redemption Date. This clarifies the final terms for the warrant redemption process.
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