10-Q Filing

GRINDR INC. CIK: 1820144 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-040297`
Period End Date	20220930
Filing Date	20221107
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	brhc10043554_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 28 Cash Flow Statement 45 Stockholders Equity 27

Balance Sheet 48 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`	$100.24K	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 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`	$47.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.75K	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
Total Current Assets	`AssetsCurrent`	$147.24K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$288.84M	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`	$288.99M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$559.18K	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.78M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$559.18K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.54M	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`	$49.61M	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 $10.47 and $10.30 per share as of September 30, 2022 and December 31, 2021, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$288.84M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, $0.0001 par value; 27,600,000 shares at redemption value of $10.47 and $10.30 per share as of September 30, 2022 and December 31, 2021, respectively	`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`	$-36.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.46M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-54.29M	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`	$-36.21M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-49.46M	USD	Point-in-time
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$284.52M	USD	Point-in-time
LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$288.99M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingExpenses`	$1.50M	USD	3 Qtrs
Operating costs	`OperatingExpenses`	$4.73M	USD	1 Quarter
Operating costs	`OperatingExpenses`	$666.95K	USD	1 Quarter
Operating costs	`OperatingExpenses`	$8.98M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.50M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-4.73M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.98M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-666.95K	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`	$1.30M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.70M	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$58.10K	USD	3 Qtrs
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	3 Qtrs
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	3 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$282.68K	USD	3 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$12.50M	USD	1 Quarter
Total other (expense) income, net	`NonoperatingIncomeExpense`	$24.33M	USD	3 Qtrs
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-4.45M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-9.18M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-8.69M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$5.57M	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-8.69M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.57M	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$-81.15K	USD	3 Qtrs
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	-	USD	1 Quarter
Fair value of private placement warrant in excess of purchase price	`FairValueOfPrivatePlacementWarrantInExcessOfPurchasePrice`	$79.55K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$23.03K	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.30M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$1.70M	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$58.10K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-88.87K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-76.75K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$632.64K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.20M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-780.22K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.70M	USD	3 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.76M	USD	3 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$278.76M	USD	Point-in-time
Investment of cash into Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.76M	USD	3 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$2.76M	USD	3 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$2.76M	USD	3 Qtrs
Proceeds from convertible promissory note - related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from convertible promissory note - related party	`ProceedsFromRelatedPartyDebt`	$1.78M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$26.78K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.73M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.54M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-807.00K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$82.74K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.24K	USD	Point-in-time
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`	$337.77K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.24K	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`	$337.77K	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-54.29M	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`	$-36.21M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-49.46M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-9.18M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$22.83M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$5.43M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-8.69M	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
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`	$1.30M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$-54.29M	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`	$-36.21M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-34.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-48.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-46.05M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-49.46M	USD	Point-in-time

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