10-Q Filing

GRINDR INC. CIK: 1820144 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001140361-21-028290`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	brhc10027946_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 13 Cash Flow Statement 22 Stockholders Equity 11

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, redemption (in shares)	`TemporaryEquitySharesOutstanding`	21.73M	shares	Point-in-time
Ordinary shares, redemption (in shares)	`TemporaryEquitySharesOutstanding`	22.59M	shares	Point-in-time
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`	$803.84K	USD	Point-in-time
Preference shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$1.14M	USD	Point-in-time
Preference shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$262.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$239.64K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.41M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$278.77M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$281.57M	USD	Point-in-time
Total Assets	`Assets`	$280.18M	USD	Point-in-time
Total Assets	`Assets`	$282.61M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$534.83K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.07K	USD	Point-in-time
Accrued offering costs	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrent`	-	USD	Point-in-time
Accrued offering costs	`AccountsPayableUnderwritersPromotersAndEmployeesOtherThanSalariesAndWagesCurrent`	$26.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$63.85K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$534.83K	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`	$47.15M	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, 22,590,729 and 21,728,375 shares at approximately $10.20 and $10.10 per share as of June 30, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$230.47M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 22,590,729 and 21,728,375 shares at approximately $10.20 and $10.10 per share as of June 30, 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`	$14.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.85M	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 Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$282.61M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$280.18M	USD	Point-in-time

Income Statement 13 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$834.79K	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$650.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-650.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-834.79K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.35K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$35.08K	USD	2 Qtrs
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$6.08M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$11.83M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	2 Qtrs

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$3.35K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$35.08K	USD	2 Qtrs
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.86K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$497.77K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-314.16K	USD	2 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$278.76M	USD	Point-in-time
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.76M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	2 Qtrs
Proceeds from the sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$2.76M	USD	2 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.73M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-340.94K	USD	2 Qtrs
Cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$803.84K	USD	Point-in-time
Cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$803.84K	USD	Point-in-time
Cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Change in value of ordinary shares subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToRedemption`	$11.00M	USD	2 Qtrs

Stockholders Equity 11 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
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of Class A Ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$5.43M	USD	1 Quarter
Change in value of Class A Ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
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.