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TINV - TINV STOCK NEWS

Welcome to our dedicated page for TINV news (Ticker: TINV), a resource for investors and traders seeking the latest updates and insights on TINV stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TINV's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TINV's position in the market.

Rhea-AI Summary

The SEC has declared effective the Registration Statement on Form S-4 for the business combination between Grindr and Tiga Acquisition Corp (NYSE: TINV). This marks a crucial step towards Grindr's public listing. The virtual extraordinary general meeting is scheduled for November 15, 2022, where stockholders will vote on the merger. Following the approval, TAC will be renamed Grindr Inc., with common stock listed on NYSE under the ticker 'GRND'. Grindr is recognized as the largest social network for the LGBTQ community, aiming to connect users globally.

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The Board of Grindr has appointed George Arison as CEO and Vanna Krantz as CFO in preparation for the company's public listing. Arison, previously CEO of Shift Technologies, aims to enhance Grindr's growth within the LGBTQ community. Krantz, formerly CFO of Disney Streaming Services, is expected to support this transition effectively. This leadership change follows a strategic plan set during the SPAC transaction announcement in May 2022, aiming to strengthen Grindr's market position and profitability.

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Tiga Acquisition Corp. (NYSE:TINV) announced the issuance of 2,760,000 private placement warrants at $1.00 each, totaling $2,760,000. The proceeds from this sale were deposited into the Company’s Trust Account as of November 22, 2021. Each warrant allows the holder to purchase one Class A ordinary share at $11.50. The press release includes cautionary statements regarding forward-looking statements, acknowledging that the completion of transactions and proceeds deposit are subject to various conditions.

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Tiga Acquisition Corp. received a notice from the NYSE for non-compliance with Section 802.01E due to the late filing of its Q1 2021 Form 10-Q. The company has until November 24, 2021, to regain compliance by submitting the report. The NYSE may grant an additional six-month extension but reserves the right to initiate delisting if warranted. The delay in filing is attributed to the complexity of assessing warrant classifications based on an SEC staff statement. The company aims to file the report ahead of the deadline.

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Tiga Acquisition Corp. announced the issuance of 2,760,000 private placement warrants to Tiga Sponsor LLC at $1.00 each, raising a total of $2,760,000. The proceeds were deposited into the Company’s Trust Account on May 20, 2021. Each warrant grants the holder the right to buy one Class A ordinary share at $11.50. This press release includes forward-looking statements about future transactions, which may not be completed as expected.

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FAQ

What is the market cap of TINV (TINV)?

The market cap of TINV (TINV) is approximately 401.2M.

TINV

NYSE:TINV

TINV Rankings

TINV Stock Data

401.24M
16.23M
78.42%
0.27%
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