This content is from: Premium
Grindr’s Stormy SPAC Union
A number of hedge funds were among the largest shareholders before the LGBTQ+ social network completed its merger with a blank-check company last week.
A rare successful SPAC merger was completed last week, although it depends on your definition of successful.Shares of LGBTQ+ social network Grindr began trading last Friday when the company completed its merger with Tiga Acquisition Corp. However, the Singapore-based blank-check company suffered a 98.2 percent redemption rate from shareholders, even
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.