Grindr Faces Shareholder Probe Over Chairman’s Voting Control

The investigation centers on a repurchase initiative launched in March 2025, originally intended to run through March 2027. Despite internal warnings that the buybacks could push Zage’s ownership beyond 50%, a special committee authorized the continuation of the program. By September 2025, the company’s share count dropped to 187,032,103, effectively elevating Zage’s stake to 50.11%.

Legal counsel Fletcher Moore suggests these actions may have disadvantaged minority shareholders. The firm is now soliciting contact from investors to explore potential litigation, including claims for monetary damages and demands for corporate governance reforms. The scrutiny arrives as Grindr stock struggles, with shares declining approximately 25% over the past year from $20.00 to $15.38.