10-Q Filing

GRINDR INC. CIK: 1820144 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001140361-21-021816`
Period End Date	20210331
Filing Date	20210622
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	tinv-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 5 Cash Flow Statement 13 Stockholders Equity 6

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Preference shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	$1.02M	USD	Point-in-time
Preference shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$1.14M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$236.40K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$262.50K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.26M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.41M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$278.81M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$278.77M	USD	Point-in-time
Total Assets	`Assets`	$280.06M	USD	Point-in-time
Total Assets	`Assets`	$280.18M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.07K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$99.59K	USD	Point-in-time
Accrued offering costs	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrent`	$26.78K	USD	Point-in-time
Accrued offering costs	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$63.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$99.59K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$9.66M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$9.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$50.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$55.71M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 22,277,508 and 21,728,375 shares at approximately $10.10 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$225.04M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 22,277,508 and 21,728,375 shares at approximately $10.10 per share as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$219.47M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.85M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$280.06M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$280.18M	USD	Point-in-time

Income Statement 5 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$184.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-184.78K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$31.72K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.76M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.57M	USD	1 Quarter

Cash Flow Statement 13 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$31.72K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-26.10K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$62.53K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.16K	USD	1 Quarter
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.78K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-122.94K	USD	1 Quarter
Cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.02M	USD	Point-in-time
Cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.02M	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToRedemption`	$5.57M	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of Class A Ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.