Grindr (GRND) shares were up more than 2% in recent premarket activity Monday after the company confirmed that it received a non-binding, unsolicited take-private proposal from a group of shareholders.

The company said Friday that a special committee of its board will evaluate the offer of $18.00 per share in cash from large shareholders Ray Zage and James Lu. The shareholders and their affiliated entities own more than 60% of Grindr's outstanding common shares, according to the statement.

Grindr said there is no guarantee that the proposal will lead to a transaction or any other strategic outcome.

Price: 15.40, Change: +0.34, Percent Change: +2.26