Grindr SPAC Presentation Deck slide image

Grindr SPAC Presentation Deck

● ● ● KEY TRANSACTION HIGHLIGHTS Tiga Acquisition Corp, a publicly listed SPAC, to combine with Grindr Grindr rollover equity to be valued at $1.6 billion Tiga sponsor to invest up to $100 million in additional cash equity pursuant to forward purchase agreement¹ TRANSACTION OVERVIEW Existing Grindr shareholders to own approximately 78% of the combined company at closing ILLUSTRATIVE PF ENTERPRISE VALUE BUILD Shares Rollover Shares Forward Purchase Agreement Public Shareholders Tiga Founder Shares Pro forma Shares Outstanding Share Price Equity Value² (+) Net Debt³ Pro forma Enterprise Value² 159.9 10.0 27.6 6.9 204.4 $10.00 $2,043.6 $45.3 $2,088.9 ILLUSTRATIVE SOURCES & USES (in millions) Sources TIGA Cash in Trust4 Forward Purchase Agreement¹ Cash at Closing Bank Loan (Net of Fees) Grindr Shareholders Rollover Total Sources Uses Grindr Shareholders Rollover 5 Shareholder Distribution Cash to Balance Sheet Repayment of Existing Debt Fees and Expenses Total Uses Rollover Equity; 78% ILLUSTRATIVE PRO-FORMA OWNERSHIP² Tiga Public Shareholders; 14% (1) Forward purchase agreement assumes a range of $50M - $100M. (2) Excludes shares underlying public and private warrants. Assumes no redemptions and a nominal price per share of $10.00, subject to customary closing conditions, including the approval of Tiga shareholders. (3) Assumes no redemptions of public shares. Assumes Grindr's outstanding debt at closing amounts to $75M after repaying of Tiga sponsor loans. Net Debt may be larger than stated as a result of increasing levels of redemptions. (4) Tiga cash in trust assumes no redemptions; cash may be reduced, including to the extent of Tiga stockholder redemptions. (5) Does not include aggregate in the money option and warrant exercise price. Current Grindr equityholders will roll approximately 78% of their existing equity holdings into equity of the combined company. (6) Approximately $230 million of Shareholder Distribution is expected to go toward payment of deferred consideration. $284.4 100.0 88.0 75.0 1,598.6 $2,146.0 Sponsor; 3% $1,598.6 370.0 15.1 137.3 25.0 $2,146.0 FPA Shareholders; 5% CONFIDENTIAL 5
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