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AI brief of an SEC Form 8-K · Grindr Inc. (GRND)

Grindr to buy Freddie parent PurposeMed for $250 million plus up to $70 million earnout

Neutral Impact 4 of 5 m&a Written later

Grindr agreed on September 30, 2026 to acquire PurposeMed Inc., the parent company of the Freddie telehealth PrEP brand, for a base price of $250 million, consisting of $190 million in cash and $60 million in Grindr common stock. The deal also includes an earnout of up to $70 million in cash tied to PurposeMed's fiscal 2027 financial targets. Grindr said the acquisition is expected to have an immaterial impact on its 2026 financial results, and the deal is expected to close in Q4 2026, subject to closing conditions.

Key points

  • Base price of $250 million: $190 million in cash and $60 million in stock, or 3,851,684 shares valued at $15.58 per share
  • Earnout of up to $70 million in cash, tied to 2027 performance targets and payable in 2028
  • Freddie expects 2026 revenue of more than $80 million and Adjusted EBITDA of more than $10 million
  • Expected close in Q4 2026; either party may terminate if closing has not occurred by December 30, 2026

The filing

CompanyGrindr Inc. (GRND)
Form8-K, current report
Filed with the SECSep 30, 2026, 5:02 PM ET
Accession number0001820144-26-000033

Items reported: 2.01 Acquisition or Disposition Completed3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.