Grindr Inc. GRND
NYSE · United States · Technology Services
$13.88-1.55 (-10.02%)
Market open· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · USD · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
The deal, Grindr's first major acquisition, includes up to $70 million in additional cash tied to 2027 performance targets
Grindr looks to build a broader LGBTQ-focused platform as it expands beyond dating.
LOS ANGELES, September 30, 2026--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced it has agreed to acquire PurposeMed Inc., the parent company of Freddie, a leading telehealth provider of PrEP and HIV prevention care, for $250 million in cash and stock. The transaction may include up to an additional $70 million in cash consideration based on the achievement of certain performance targets and is expected to close in Q4 2026, subject to applicable closing condition
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