Tiga Acquisition Corp.

This summary is drawn from the cover page and forward-looking note of the report; the financial statements are not covered here.

The raised guidance signals strong post-merger operational performance and accelerating organic growth at Grindr. The 42% Adjusted EBITDA margin demonstrates significant operating leverage in the de-SPAC entity, validating the business combination thesis for TINV shareholders who retained equity through the close.

The cover figure breaks down into 27,600,000 shares issued in the Domestication in exchange for Tiga Class A ordinary shares, 191,514,336 shares issued in the First Merger to certain holders of Grindr units, 4,029,831 shares that may be issued if Grindr equity awards are exercised before the First Merger, and 13,800,000 warrants exchanged for redeemable Tiga warrants. Part of the registered share count is therefore the SPAC's own capital re-registering rather than consideration to Grindr. Each Tiga unit separates into one New Grindr share and one-half of one New Grindr warrant.

Unchanged too are the numbers that decide the outcome: 34,500,000 Tiga ordinary shares outstanding (6,840,000 sponsor founder shares, 20,000 each to David Ryan, Carman Wong and Ben Falloon, 27,600,000 public) and 32,360,000 warrants (18,560,000 private placement, 13,800,000 public), of which only the public tranche is registered here. Public shareholders take about 13.8% of New Grindr's voting power at no redemptions and none at maximum, the Sponsor 3.4% rising to 3.9%, and San Vicente Investments, Inc. more than 50% either way. Redemptions are priced at approximately $10.40.

Whatever the redemption rate, the public does not control this company: assuming none, Tiga's public shareholders hold about 13.8% of New Grindr's voting power and the Sponsor about 3.4%; at maximum redemptions the public has none and the Sponsor about 3.9%. San Vicente Investments, Inc. is expected to hold more than 50% of the voting power, making New Grindr a controlled company. Redemption scenarios assume 13,800,000 and 27,600,000 Class A shares out at approximately $10.40. The Backstop Commitment allocates up to $50,000,000 for up to 5,000,000 backstop shares and 2,500,000 warrants.

The covered securities split into a rollover part and a consideration part: 27,600,000 shares issued in the Domestication for Tiga Class A Ordinary Shares and 13,800,000 warrants exchanged for Tiga warrants are the SPAC's own capital, while 191,514,336 shares to Grindr unitholders and up to 4,029,831 shares for Grindr equity awards exercised before closing are the consideration. As printed, the list of covered securities is numbered (1), (2), then jumps to (4) — there is no item (3) — so the enumeration in the document is defective even though the four described components are clear.

What changed: Q2 2026 10-Q of Grindr Inc. (NYSE: GRND), with 173,820,627 shares of common stock outstanding as of August 3, 2026. Why it matters: This summary is drawn from the cover page and forward-looking note of the report; the financial statements are not covered here.