0001415889-24-008373.txt : 20240319
0001415889-24-008373.hdr.sgml : 20240319
20240319083628
ACCESSION NUMBER: 0001415889-24-008373
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240316
FILED AS OF DATE: 20240319
DATE AS OF CHANGE: 20240319
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lu James Fu Bin
CENTRAL INDEX KEY: 0001937262
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39714
FILM NUMBER: 24761180
MAIL ADDRESS:
STREET 1: C/O PLAYTIKA LTD.
STREET 2: HACHOSHLIM ST 8
CITY: HERZLIYA PITUARCH
STATE: L3
ZIP: 4672408
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Grindr Inc.
CENTRAL INDEX KEY: 0001820144
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 750 N. SAN VICENTE BLVD., SUITE RE 1400
CITY: WEST HOLLYWOOD
STATE: CA
ZIP: 90069
BUSINESS PHONE: 3107766680
MAIL ADDRESS:
STREET 1: 750 N. SAN VICENTE BLVD., SUITE RE 1400
CITY: WEST HOLLYWOOD
STATE: CA
ZIP: 90069
FORMER COMPANY:
FORMER CONFORMED NAME: Tiga Acquisition Corp.
DATE OF NAME CHANGE: 20200804
4
1
form4-03192024_120322.xml
X0508
4
2024-03-16
0001820144
Grindr Inc.
GRND
0001937262
Lu James Fu Bin
C/O GRINDR INC.
750 N.SAN VICENTE BLVD. STE RE1400
WEST HOLLYWOOD
CA
90069
true
false
true
false
0
Call Option (obligation to sell)
9.03
2024-03-16
4
S
0
443943
2.96
D
2024-03-16
2024-12-31
Common Stock
443943
443943
I
By Longview Grindr Holdings Limited
Call Option (obligation to sell)
10.73
2024-03-16
4
S
0
327053
2.54
D
2024-03-16
2025-03-31
Common Stock
327053
327053
I
By Longview Grindr Holdings Limited
The exercise price was determined by multiplying the volume weighted average price of the Issuer's Common Stock for the previous five consecutive trading days (the "Spot VWAP") as of December 15, 2023, which was $8.21 (the "Initial Spot VWAP"), by 110%. The Initial Spot VWAP, and as a result, the exercise price may be adjusted for certain pre-specified events, including stock splits, stock dividends, and if at any time the then Spot VWAP is less than or equal to 80% of the Initial Spot VWAP (or, if previously adjusted, such adjusted Initial Spot VWAP).
The number of shares into which the option may be exercised will be based on the sum of the principal amount (including any capitalized interest and disregarding any prepayments or redemptions) plus accrued interest and any make-whole interest, if applicable of a certain note at the time of the option exercise divided by the exercise price. The note was issued on December 15, 2023 with a principal amount of $3.6 million and accrues interest at SOFR plus 13.0% per annum. The note matures on December 31, 2024. The shares shown reflect the estimated number of shares into which the option could be exercised as of March 16, 2024.
The Option was issued by Longview Grindr Holdings Limited ("LGHL"). The Reporting Person is the sole equityholder of LGHL and exercises voting and investment power with respect to LGHL.
The exercise price was determined by multiplying the volume weighted average price of the Issuer's Common Stock for the previous five consecutive trading days (the "Spot VWAP") as of March 15, 2024, which was $9.75 (the "Initial Spot VWAP"), by 110%. The Initial Spot VWAP, and as a result, the exercise price may be adjusted for certain pre-specified events, including stock splits, stock dividends, and if at any time the then Spot VWAP is less than or equal to 80% of the Initial Spot VWAP (or, if previously adjusted, such adjusted Initial Spot VWAP).
The number of shares into which the option may be exercised will be based on the sum of the principal amount (including any capitalized interest and disregarding any prepayments or redemptions) plus accrued interest and any make-whole interest, if applicable, of a certain note at the time of the option exercise divided by the exercise price. The note was issued on March 15, 2024 with a principal amount of $3.2 million and accrues interest at SOFR plus 13.0% per annum. The note matures on March 31, 2025. The shares shown reflect the estimated number of shares into which the option could be exercised as of March 16, 2024.
/s/ William Shafton, Attorney-in-Fact
2024-03-19