GRND · Grindr completed its previously announced acquisition of PurposeMed Inc

Grindr completed its previously announced acquisition of PurposeMed Inc. (Freddie) for $250 million upfront ($190M cash + $60M stock) plus up to $70M in earnout consideration tied to 2027 performance targets. The deal adds telehealth, pharmacy, and clinical capabilities for HIV prevention care, which management states is already profitable and would have taken years to build internally.

• Acquisition of PurposeMed Inc. (Freddie) completed on November 2, 2026
• Upfront purchase price of approximately $250.0 million: $190.0 million in cash and $60.0 million in Grindr common stock (3,851,684 shares)
• Sellers eligible for up to $70.0 million in additional earnout cash consideration tied to fiscal year 2027 performance targets
• Grindr issued 3,851,684 shares of common stock as part of the consideration