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    Amendment: SEC Form SCHEDULE 13D/A filed by Grindr Inc.

    2/3/25 5:29:25 PM ET
    $GRND
    Computer Software: Programming Data Processing
    Technology
    Get the next $GRND alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 1)


    GRINDR INC.

    (Name of Issuer)


    Common Stock

    (Title of Class of Securities)


    39854F119

    (CUSIP Number)


    J. Michael Gearon, Jr.
    c/o Grindr Inc., 750 N. San Vicente Boulevard, STE RE1400
    West Hollywood, CA, 90069
    (310) 878-9648

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    01/10/2025

    (Date of Event Which Requires Filing of This Statement)


    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






    SCHEDULE 13D

    CUSIP No.
    39854F119


    1 Name of reporting person

    J MICHAEL GEARON JR
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    PF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    7,118,168.00
    8Shared Voting Power

    7,346,900.00
    9Sole Dispositive Power

    7,118,168.00
    10Shared Dispositive Power

    7,346,900.00
    11Aggregate amount beneficially owned by each reporting person

    14,465,068.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    8.2 %
    14Type of Reporting Person (See Instructions)

    IN



    SCHEDULE 13D

    CUSIP No.
    39854F119


    1 Name of reporting person

    28th Street Ventures LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    GEORGIA
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    255,941.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    255,941.00
    11Aggregate amount beneficially owned by each reporting person

    255,941.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    0.1 %
    14Type of Reporting Person (See Instructions)

    OO



    SCHEDULE 13D

    CUSIP No.
    39854F119


    1 Name of reporting person

    The 1997 Gearon Family Trust
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox not checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    PF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    7,346,900.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    7,346,900.00
    11Aggregate amount beneficially owned by each reporting person

    7,346,900.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    4.2 %
    14Type of Reporting Person (See Instructions)

    OO



    SCHEDULE 13D

    Item 1.Security and Issuer
    (a)Title of Class of Securities:

    Common Stock
    (b)Name of Issuer:

    GRINDR INC.
    (c)Address of Issuer's Principal Executive Offices:

    750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD, CALIFORNIA , 90069.
    Item 1 Comment:
    This Amendment No. 1 (this "Amendment No. 1" or this "Schedule 13D/A") to the Schedule 13D filed by the Reporting Persons amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission ("SEC") on November 28, 2022 (the "Original Schedule 13D"). Unless otherwise defined herein, capitalized terms used in this Amendment No. 1 shall have the meanings ascribed to them in the Original Schedule 13D. Unless amended or supplemented below, the information in the Original Schedule 13D remains unchanged.
    Item 4.Purpose of Transaction
     
    Item 4 of the Original Schedule 13D is hereby amended and supplemented as follows: Between January 10, 2025 and January 14, 2025, 28th Street distributed its holdings of Common Stock in kind, for no additional consideration to its members, as follows: January 10, 2025: 7,090,959 shares to the 1997 Gearon Family Trust; January 10, 2025: 590,958 shares to the J. Michael Gearon, Jr. Revocable Trust; January 10, 2025: 766,417 to additional members; and January 14, 2025: 6,500,000 shares to the J. Michael Gearon, Jr. Revocable Trust. Mr. Gearon's spouse is a co-trustee of the 1997 Gearon Family Trust and Mr. Gearon is the sole trustee of the J. Michael Gearon Jr. Revocable Trust. On January 29, 2025, 28th Street sold 175,000 warrants in the open market at prices ranging from $6.46 to $6.61 per warrant (with a weighted average sales price of $6.52 per warrant). On January 30, 2025, 28th Street sold 150,000 warrants in the open market at prices ranging from $6.38 to $6.72 per warrant (with a weighted average sales price of $6.50 per warrant). On January 31, 2025, 28th Street sold 114,459 warrants in the open market at prices ranging from $6.34 to $6.56 per warrant (with a weighted average sales price of $6.44 per warrant). On January 16, 2025 and January 19, 2025, Mr. Gearon received 10,480 and 2,190 shares of Common Stock, respectively, upon the settlement of vested restricted stock units, which had previously been granted to Mr. Gearon for service as a non-employee director of the Company. On January 23, 2025, the Company announced a redemption of its outstanding warrants at a price of $0.10 per warrant by 5:00 p.m. New York City time on February 24, 2025 (the "Redemption Time"). Holders of the warrants may instead elect to exercise their warrants until the Redemption Time. 28th Street presently intends to exercise its 255,941 warrants on a cashless basis prior to the Redemption Time pursuant to the terms of the Warrant Agreement, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, dated as of November 23, 2020, as amended on November 17, 2022; however, there can be no guarantee that 28th Street's plans for such warrant exercise will not change prior to the Redemption Time.
    Item 5.Interest in Securities of the Issuer
    (a)
    Item 5 of the Statement is hereby amended and restated as follows: Rows 11 and 13 of each Reporting Person's cover page to this Schedule 13D/A set forth the aggregate number of shares of Common Stock and percentages of the shares of Common Stock beneficially owned by such Reporting Person and are incorporated herein by reference. The percentage set forth in each row 13 is based upon 176,868,332 shares of Common Stock, consisting of (i) 176,612,391 shares of Common Stock outstanding as of November 5, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q, filed on November 8, 2024, plus (i) 12,670 shares of Common Stock issued to Mr. Gearon upon the settlement of vested restricted stock units after November 8, 2024, and (ii) 255,941shares of Common Stock issuable to 28th Street upon the exercise of currently exercisable warrants.
    (b)
    Rows 7 through 10 of each Reporting Person's cover page to this Schedule 13D/A set forth the number of shares of Common Stock as to which such Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition and are incorporated by reference. Mr. Gearon and The 1997 Gearon Family Trust, by virtue of each of their 50% beneficial ownership of 28th Street, may be deemed to beneficially own the shares of Common Stock owned by 28th Street and have the shared power to vote or to direct the vote of (and shared power to dispose of or to direct the disposition of) the 255,941 shares of Common Stock underlying warrants held by 28th Street. Mr. Gearon is the sole trustee of the J. Michael Gearon, Jr. Revocable Trust and may be deemed to beneficially own the shares of Common Stock owned by the J. Michael Gearon, Jr. Revocable Trust and have the sole power to vote or to direct the vote of (and shared power to dispose of or to direct the disposition of) the 7,090,958 shares of Common Stock held by the J. Michael Gearon, Jr. Revocable Trust. Mr. Gearon's spouse is a co-trustee of the 1997 Gearon Family Trust, and Mr. Gearon may be deemed to beneficially own the shares of Common Stock owned by the 1997 Gearon Family Trust and have the shared power to vote or to direct the vote of (and shared power to dispose of or to direct the disposition of) the 7,090,959 shares of Common Stock held by the 1997 Gearon Family Trust.
    (c)
    Except as reported under Item 4, the Reporting Persons have not affected any transactions in the securities of the Issuer during the past 60 days.
    (d)
    No person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by any Reporting Person.
    (e)
    Each of 28th Street and 1997 Gearon Family Trust ceased to be beneficial owners of more than five percent of the Common Stock on January 14, 2025.
    Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
     
    Item 6 of the Original Schedule 13D is hereby amended and supplemented by the following: Warrants 28th Street holds an aggregate of 255,941warrants, each of which is exercisable to purchase one share of Common Stock, subject to adjustment in certain circumstances. In the Original Schedule 13D, the number of warrants held by the 28th Street was inadvertently understated by 175,625 warrants, by virtue of an administrative error. The exercise price of the warrants is $11.50 per share, subject to adjustments. The warrants were originally scheduled to expire at 5:00 p.m., New York City time, on November 18, 2027 or earlier upon redemption or the Company's liquidation. The warrants are redeemable by the Company in whole at $0.10 per warrant upon a minimum of 30 days' prior written notice of redemption, provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to the table set forth in the Warrant Agreement. As described in Item 4, on January 23, 2025, the Company announced a redemption of its outstanding warrants at a price of $0.10 per warrant by 5:00 p.m. New York City time on February 24, 2025. The foregoing description of the warrants is qualified in its entirety to the full text of the Warrant Agreement, which is filed herewith as Exhibit 99.3 and incorporated herein by reference. Equity Awards As an outside director of the Company, from time to time, Mr. Gearon has received, and may in the future receive, restricted stock units or other awards of equity-based compensation pursuant to the Company's compensation arrangements for non-employee directors. As of the date hereof, Mr. Gearon holds 27,210 shares of Common Stock issued upon the settlement of restricted stock unit awards, as well as restricted stock units for 4,378 shares that are scheduled to vest in two equal quarterly installments on April 17, 2025 and July 17, 2025.
    Item 7.Material to be Filed as Exhibits.
     
    Item 7 of the Original Schedule 13D is hereby amended and supplemented by the following: 99.3 Warrant Agreement between Tiga Acquisition Corp. and Continental Stock Transfer & Trust Company, as warrant agent, dated November 23, 2020 (incorporated by reference to Exhibit 4.3 to the Company's Current Report on Form 8-K (File No. 1-39714), filed with the SEC on November 23, 2022).

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    J MICHAEL GEARON JR
     
    Signature:/s/ J. Michael Gearon, Jr.
    Name/Title:J. MICHAEL GEARON, JR.
    Date:02/03/2025
     
    28th Street Ventures LLC
     
    Signature:/s/ J. Michael Gearon, Jr.
    Name/Title:J. Michael Gearon, Jr., Manager
    Date:02/03/2025
     
    The 1997 Gearon Family Trust
     
    Signature:/s/ Sandee L. Dean
    Name/Title:Sandee L. Dean, Trustee
    Date:02/03/2025
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