10-Q Filing

GRINDR INC. CIK: 1820144 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-028981`
Period End Date	20220630
Filing Date	20220810
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	brhc10040435_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 26 Cash Flow Statement 45 Stockholders Equity 20

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
Cash	`Cash`	$17.50K	USD	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`Cash`	$165.66K	USD	Point-in-time
Preference shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$106.88K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.75K	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
Total Current Assets	`AssetsCurrent`	$272.53K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$141.25K	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$287.54M	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$284.38M	USD	Point-in-time
Total Assets	`Assets`	$287.82M	USD	Point-in-time
Total Assets	`Assets`	$284.52M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$559.18K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.25M	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.68M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$559.18K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.93M	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`	$36.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$39.25M	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 $10.42 and $10.30 per share as of June 30, 2022 and December 31, 2021, respectively	`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 $10.42 and $10.30 per share as of June 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$287.54M	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`	$-38.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.21M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-46.05M	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 Shareholders' Deficit	`StockholdersEquity`	$-38.98M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-54.29M	USD	Point-in-time
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$287.82M	USD	Point-in-time
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$284.52M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$650.00K	USD	1 Quarter
Operating costs	`OperatingExpenses`	$4.24M	USD	2 Qtrs
Operating costs	`OperatingExpenses`	$3.04M	USD	1 Quarter
Operating costs	`OperatingExpenses`	$834.79K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.24M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.04M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-834.79K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-650.00K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$3.35K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$35.08K	USD	2 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$363.26K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$402.99K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	1 Quarter
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-4.48M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$4.74M	USD	2 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$6.08M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$11.83M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$11.00M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$491.25K	USD	2 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.00M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$491.25K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	2 Qtrs
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	1 Quarter
FV of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$3.35K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$35.08K	USD	2 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$363.26K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$402.99K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.88K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-22.86K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.70M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$497.77K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-314.16K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.53M	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
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.76M	USD	2 Qtrs
Net cash used in provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	2 Qtrs
Net cash used in provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	2 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$2.76M	USD	2 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$2.76M	USD	2 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$1.68M	USD	2 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.44M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.73M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-340.94K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$148.16K	USD	2 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$165.66K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$803.84K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.50K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$165.66K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.14M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$803.84K	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	-	USD	2 Qtrs
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$26.78K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-36.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-38.98M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.00M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$491.25K	USD	2 Qtrs
Accretion for Class A ordinary shares to redemption amount	`RedeemableOrdinarySharesAccretionToRedemptionValue`	$3.26M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`RedeemableOrdinarySharesAccretionToRedemptionValue`	$2.76M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-36.21M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-38.98M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-28.20M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-54.29M	USD	Point-in-time

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