Grindr Inc. (NYSE: GRND): Grindr Inc.’s (“Grindr” or the “Company”) board of directors and majority stockholders James Fu Bin Lu (“Lu”) and George Raymond Zage, III (“Zage”) are being investigated for potentially breaching their fiduciary duties in connection with a potential take-private sale of Grindr that would cash out the entire minority stockholder interest.
If you are a holder of Grindr stock, you are encouraged to submit your information.
Why is Grindr being Investigated?
On October 14, 2025, SEC filings revealed that Lu and Zage were in the process of proposing a transaction to the Company which would take the company private, squeezing out all of the minority stockholders while preserving Lu and Zage’s personal ownership. Lu and Zage have disclosed that they have secured debt financing for up to $1 billion, so long as the deal is at or above $15 per share.
Despite this being a controller take-private transaction, there is no indication that any final deal will be conditioned on a majority-of-the-minority stockholder vote. While the Company has announced that it has appointed a special committee in connection with the potential transaction, it remains to be seen whether that will be an effective check on the influence of the controlling stockholders.
BFA Law is investigating whether Grindr’s board of directors and the majority stockholders (Zage and Lu) to ascertain whether they have breached their fiduciary duties to shareholders in connection with the contemplated transaction.
What Are My Rights?
If you currently own Grindr stock, you may have rights under Delaware law to investigate whether or how Grindr’s board of directors (including Zage and Lu) may have breached their fiduciary duties in connection with potential transaction.
Contact Us
If you own Grindr stock, you are encouraged to submit your information using the form on this page to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
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