Grindr SPAC Presentation Deck

RISK FACTORS Risks Related to Grindr's Business Risks Related to Grindr's Brand, Products and Services, and Operations • Grindr's business depends on the strength and market perception of the Grindr brand. If events occur that damage Grindr's reputation and brand, its ability to expand its base of users may be impaired, and Grindr's business could be materially adversely affected. • Changes to Grindr's existing products and services, or the development and introduction of new products and services, could fail to attract or retain users or generate revenue and profits. • If Grindr fails to retain existing users or add new users, or if Grindr's users decrease their level of engagement with its products and services or do not convert to paying users, its revenue, financial results, and business may be significantly harmed. • Inappropriate actions by certain of Grindr's users could be attributed to Grindr and damage Grindr's brand or reputation, or subject Grindr to regulatory inquiries, legal action, or other liabilities, which, in turn, could materially adversely affect its business. • Unfavorable media coverage could materially and adversely affect Grindr's business, brand, or reputation. • The online social networking industry in which Grindr operates is highly competitive, and if Grindr cannot compete effectively its business will suffer. • Grindr has grown rapidly in recent years and certain members of its management team have joined Grindr recently. If Grindr is unable to manage its growth effectively, its brand, company culture, and financial performance may suffer. • Grindr's quarterly operating results and other operating metrics may fluctuate from quarter to quarter, which makes these metrics difficult to predict. ● Privacy concerns relating to Grindr's services and the use of user information could negatively impact its user base or user engagement, which could have a material and adverse effect on its business, financial condition, and results of operations. The distribution, marketing of, and access to Grindr's products and services depend, in large part, on third-party platforms and mobile application stores, among other third-party providers. If these third parties limit, prohibit, or otherwise interfere with the distribution or use of Grindr's products and services in any material way, it could adversely affect its business, financial condition, and results of operations. • Grindr has a limited operating history and, as a result, its past results may not be indicative of future operating performance. Risks Related to Information Technology Systems and Intellectual Property • Security breaches, unauthorized access to or disclosure of Grindr's data or user data, other hacking and phishing attacks on Grindr's systems, or other data security incidents could compromise sensitive information related to Grindr's business and/or personal data processed by it or on its behalf and expose Grindr to liability, which could harm its reputation, generate negative publicity, and materially adversely affect its business. • Grindr's success depends, in part, on the integrity of its information technology systems and infrastructures and on its ability to enhance, expand, and adapt these systems and infrastructures in a timely and cost-effective manner. • From time to time, Grindr is party to intellectual property-related litigations and proceedings that are expensive and time consuming to defend, and, if resolved adversely, could materially adversely impact its business, financial condition, and results of operations. Risks Related to Regulation and Litigation • Grindr's success depends, in part, on its ability to access, collect, and use personal data about its users and to comply with applicable privacy and data protection laws and industry best practices. The varying and rapidly evolving regulatory framework on privacy and data protection across jurisdictions could result in claims, changes to Grindr's business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm its business. • Investments in Grindr's business may be subject to U.S. foreign investment regulations which may impose conditions on or limit certain investors' ability to purchase its stock or otherwise participate in the Business Combination, potentially making the stock less attractive to investors. Grindr's future investments in U.S. companies may also be subject to U.S. foreign investment regulations. • Grindr is subject to litigation, regulatory and other government investigations, enforcement actions, and settlements, and adverse outcomes in such proceedings could have a materially adverse effect on its business, financial condition, and results of operation. Risks Related to Grindr's Indebtedness • Grindr's indebtedness could materially adversely affect its financial condition, its ability to raise additional capital to fund its operations, operate its business, react to changes in the economy or its industry, meet its obligations under its outstanding indebtedness, including significant operating and financial restrictions imposed on it by its debt agreements, and it could divert its cash flow from operations for debt payments. CONFIDENTIAL 37

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