10-Q Filing

GRINDR INC. CIK: 1820144 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-019386`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	brhc10037530_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 10 Cash Flow Statement 28 Stockholders Equity 10

Balance Sheet 44 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
Cash	`Cash`	$199.36K	USD	Point-in-time
Cash	`Cash`	$17.50K	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
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
Prepaid expenses	`PrepaidExpenseCurrent`	$166.75K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.75K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$366.11K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$141.25K	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
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$284.42M	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$284.38M	USD	Point-in-time
Total Assets	`Assets`	$284.52M	USD	Point-in-time
Total Assets	`Assets`	$284.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$559.18K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$940.39K	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$559.18K	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`	$28.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$36.45M	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, $0.0001 par value; 27,600,000 shares at redemption value of $10.30 per share as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$284.28M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, $0.0001 par value; 27,600,000 shares at redemption value of $10.30 per share as of March 31, 2022 and December 31, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$284.28M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; no shares issued or 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`	$-28.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.21M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-36.21M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Total Liabilities, Commitments and Contingencies and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$284.52M	USD	Point-in-time
Total Liabilities, Commitments and Contingencies and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$284.79M	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$184.78K	USD	1 Quarter
Operating costs	`OperatingExpenses`	$1.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-184.78K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$31.72K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$39.73K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$9.22M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$5.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$31.72K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$39.73K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-26.10K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$43.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$62.53K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$381.21K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.16K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-868.14K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$1.05M	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.78K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-122.94K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$181.86K	USD	1 Quarter
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.36K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.02M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$199.36K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.02M	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	1 Quarter
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$26.78K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-36.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-36.21M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time

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