Grindr Major Shareholders Withdraw Proposal to Privatize Company

MT Newswires Live

Nov 26

Grindr (GRND) major shareholders Ray Zage and James Lu said Wednesday they are withdrawing their proposal to take the company private after the board ended talks regarding the proposal due to financing uncertainty.

They also said as a result of the company's Q3 results reported earlier this month, they feel confident in its ability "to create significant value for shareholders."

Zage said he plans to continue to purchase additional shares of the company on the market. He said he also plans to "strongly recommend" that the company increase the size of its share repurchase plans, and "more broadly its commitment to providing returns for shareholders."

Price: 12.94, Change: +0.34, Percent Change: +2.67

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He said he also plans to \"strongly recommend\" that the company increase the size of its share repurchase plans, and \"more broadly its commitment to providing returns for shareholders.\"</p><p>Price: 12.94, Change: +0.34, Percent Change: +2.67</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GRND","symbol_name":"GRINDR INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2586263979","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586263979","pubTimestamp":1764168550,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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