By Echo Wang

NEW YORK (Reuters), Grindr LLC, a gay dating app for gay men has filed paperwork with the U.S Securities and Exchange Commission Monday. The filing states that the firm will go public as a blank check company whose founder was part a group that purchased the company in 2020.

Tiga Acquisition Corp’s deal will generate $384 million, $284 millions of which is special-purpose company cash in trust, plus $100 million through a forward buy agreement. According to the filing, this would bring the company to $2.1billion including debt.

When it was purchased by the Chinese owners in 2020, its value was $620 million

Tiga Acquisition Corp, which was a company that acquired Grindr in October 2018, went public to raise $240m. If the SPAC fails to strike a deal that would allow it to merge with potential targets, then it will have to liquidate this month. There were several extensions to the deadline.

G. Raymond Zage III was the founder and CEO at the SPAC. He also belonged to San Vicente. This group of investors bought Grindr in 2020 from Beijing’s Kunlun Tech Co.