Grindr Gets a DA. Eve is Ready for Takeoff

by | May 9, 2022

Long awaited DA for the popular LGBTQ+ dating app. And the rest of the day’s news in SPACs.

Free Investor Resources from Boardroom Alpha
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

SPAC Deal: Tiga Acquisition Corp. / Grindr

Tiga Acquisition Corp. (TINV) has a DA with Grindr which values the mostly male LGBTQ+ dating app at an equity value of $1.6B. No PIPE. Slide deck here. According to the investor presentation, Grindr generated 2021 revenues of $147M and EBITDA of $77M. TINV warrants traded up 36% today and are trading up 142% after hours. Recall that the company cleared security checks back in September of last year.

Source: Investor presentation

Zanite Acquisition Corp. / EVEX Closed

Zanite Acquisition Corp. (ZNTE) completes merger with Eve Holding, an electric vertical take-off and landing (eVTOL) company and former business unit of Embraer S.A. (ERJ) .Shares will begin trading tomorrow as “EVEX.”

BREZ Redemption Update

Breeze Holdings Acquisition Corp. (BREZ) shareholders redeem 6.7M shares or ~58% of public float. BREZ is expected to complete its combination with space logistics and transportation services company D-Orbit S.p.A (DOBT) in the third quarter. SPAC redemptions averaged 84% for the month of April.

Source: Twitter

Three votes this week

  • Today, Artisan Acquisition Corp. (ARTA) has a vote on its merger with genomic and diagnostic test company Prenetics Group (PRE).
  • 5.10 — OTR Acquisition Corp. (OTRA) votes on its merger with protein therapeutics company Comera Life Sciences (CMRA).
  • 5.12 — Better World Acquisition Corp. (BWAC) votes on extension to August, + ~$0.10 to cash in trust depending on redemption levels

Elsewhere in SPACs

Upcoming Events

Source: Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis


The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.