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Grindr’s Stock More Than Doubles in Debut After SPAC Deal

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Shares of the company, which went public by merging with Tiga Acquistion Corp., spiked as much as 148% from the price that Tiga closed at on Thursday. The rally came after roughly 98% of investors opted to redeem their stake when they voted to approve the deal, meaning less than 500,000 shares remained outstanding.


"We have sharpened our focus on execution to optimize profitability and cash flow, are bringing more rigor to our operations, and balancing our assortments in response to what our customers are telling us," the company further stated.






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