10-Q Filing

GRINDR INC. CIK: 1820144 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001140361-21-037480`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	brhc10030398_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 20 Cash Flow Statement 48 Stockholders Equity 19

Balance Sheet 46 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`	$337.77K	USD	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 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`	$173.62K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$511.40K	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`	$281.59M	USD	Point-in-time
Total Assets	`Assets`	$282.10M	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`	$669.71K	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`	$669.71K	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`	$34.81M	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, 27,600,000 shares at approximately $10.20 and $10.10 per share as of September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	$278.76M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 27,600,000 shares at approximately $10.20 and $10.10 per share as of September 30, 2021 and December 31, 2020	`TemporaryEquityCarryingAmountAttributableToParent`	$281.52M	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`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.22M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$19.87K	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$280.18M	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$282.10M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$1.50M	USD	3 Qtrs
Operating costs	`OperatingExpenses`	$5.13K	USD	1 Quarter
Operating costs	`OperatingExpenses`	$666.95K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.13K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.50M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-666.95K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$23.03K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$58.10K	USD	3 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	3 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$24.33M	USD	3 Qtrs
Total other income, net	`NonoperatingIncomeExpense`	$12.50M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.13K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.57M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.13K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Compensation expense on Private Placement warrants	`CompensationExpenseOnPrivatePlacementWarrants`	-	USD	1 Quarter
Compensation expense on Private Placement warrants	`CompensationExpenseOnPrivatePlacementWarrants`	$79.55K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$23.03K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$58.10K	USD	3 Qtrs
Formation costs paid by Sponsor in exchange for issuance of founder shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfFounderShares`	-	USD	3 Qtrs
Formation costs paid by Sponsor in exchange for issuance of founder shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfFounderShares`	$5.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-88.87K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$632.64K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-129.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-780.22K	USD	3 Qtrs
Investment of cash into trust Account	`PaymentsToAcquireMarketableSecurities`	$278.76M	USD	Point-in-time
Investment of cash into trust Account	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Investment of cash into trust Account	`PaymentsToAcquireMarketableSecurities`	$2.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	3 Qtrs
Advances from related party	`ProceedsFromLinesOfCredit`	$700.00K	USD	1 Quarter
Advances from related party	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$300.00K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	3 Qtrs
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$51.48K	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	$2.76M	USD	3 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.73M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$948.52K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$948.39K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-807.00K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$948.39K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$337.77K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$948.39K	USD	Point-in-time
Cash - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$337.77K	USD	Point-in-time
Cash - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Ending of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	3 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$364.97K	USD	1 Quarter
Change in value of Class A ordinary shares subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToRedemption`	$2.76M	USD	3 Qtrs
Change in value of Class A ordinary shares subject to possible redemption	`IncreaseDecreaseInValueOfCommonStockSubjectToRedemption`	-	USD	1 Quarter
Deferred offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares	`DeferredOfferingCostsPaidFromProceedsFromIssuanceOfShares`	$20.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$19.87K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.13K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`RedeemableOrdinarySharesAccretionToRedemptionValue`	$2.76M	USD	1 Quarter
Issuance of Class B common stock to Sponsor	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$19.87K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time

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