Grindr’s days as a public company could be numbered.

The hookup and dating app, which went public via a SPAC merger in fall 2021, announced Tuesday that its largest shareholders, Raymond Zage and James Lu—who led the company’s go-public efforts—were exploring the possibility of acquiring Grindr’s outstanding stock, which would take the company private again.

The confirmation of Lu and Zage’s goal of taking the company private followed reporting on Monday from Semafor, which outlined that a recent Grindr stock slide led a lender to seize shares that at least one of the men had used to back a personal loan.

Semafor reported that the two were in talks with Fortress Investment Group to take on debt that would allow them to buy Grindr out at $15 a share. Grinder stock (NYSE: GRIND) closed at

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