Zage George Raymond III sold $7.8M of GRND

Grindr (GRND) announced a $250M deal to acquire PurposeMed, Freddie's parent company. The purchase price includes $190M in cash, $60M in Grindr stock, and a potential $70M cash earn-out in 2027, according to the company.

Grindr Inc. (GRND) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Grindr to Acquire Freddie, Expanding Access to HIV Prevention for Millions of Users Acquisition accelerates Grindr Health, bringing PrEP into the Grindr app at little to no cost to users Deal advances Grindr's commitment to connect 10 million LGBTQ+ people globally t

Grindr acquires PurposeMed (parent of HIV prevention telehealth provider Freddie) for $250M ($190M cash, $60M stock). The deal, expected to close Q4, includes up to $70M in performance-based payments. Grindr aims to integrate Freddie's services into its platform, targeting 400K U.S. users taking PrEP and 2M more who could benefit. The acquisition is expected to be immediately accretive to EBITDA but may initially weigh on margins. Grindr shares closed at $15.43 on Wednesday.

Grindr (GRND) reported growth at the Goldman Sachs Communacopia + Technology Conference 2026, with 15.5M monthly active users and 1.5M paying users. Revenue nearly tripled since 2023, with 80-85% of its codebase now AI-generated. The company plans to launch EDGE, an AI-powered premium tier, and expand into healthcare and lifestyle services. Grindr's stock closed at $15.38, up 2.98%.

Grindr agreed to a £26 million settlement over alleged privacy violations involving user data shared with third parties before 2020. The company denies liability but acknowledges user distress. Grindr plans to pay £13 million by 2026 and another £13 million by 2027. The company has since overhauled its privacy practices and is exploring premium AI-driven features and luxury offerings.

Grindr will pay £26 million ($35 million) to settle a UK lawsuit involving 12,000 users who alleged their HIV status and test data were shared with advertisers without consent. The settlement, denied by Grindr, will be paid in two installments by 2027. The data sharing occurred before 2020, when Grindr was owned by a Chinese company. Grindr has emphasized privacy reforms since 2020.