Moore Law PLLC is investigating Grindr Inc. over a share repurchase program that may have handed majority voting control to Chairman G. Raymond Zage III without requiring him to pay a control premium. The investigation centers on a $500 million stock buyback program launched in March 2025, which the board continued even after management warned in August 2025 that repurchases could push Zage's ownership above 50%. A special committee authorized further buybacks, and on September 19, 2025, Grindr completed repurchases that reduced outstanding shares to 187,032,103, increasing Zage's beneficial ownership to about 50.11%. The law firm contends these actions may have breached fiduciary duties and harmed other stockholders, noting that Grindr's stock has fallen roughly 25% over the past 12 months from approximately $20.00 to $15.38. Shareholders are encouraged to contact Fletcher Moore at fletcher@fmoorelaw.com to potentially seek monetary damages or governance reforms on a contingency fee basis.
Grindr IncLaw firm investigation over buybacks that may have breached fiduciary duties and harmed stockholders.