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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 2022
TIGA ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
Cayman Islands
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001-39714
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N/A
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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Ocean Financial Centre
Level 40, 10 Collyer Quay, Singapore
Singapore
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049315
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area
code: +65
6808-6288
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2.
below):
☐
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Units, each consisting of one Class A ordinary share, and one-half
of one redeemable warrant
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TINV.U
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The New York Stock Exchange
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Class A ordinary shares, par value $0.0001 per share
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TINV
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The New York Stock Exchange
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Redeemable warrants, each whole warrant exercisable for one Class A
ordinary share at an exercise price of $11.50 per share
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TINV WS
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The New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 5.07
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Submission of Matters to a Vote of Security Holders.
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On November 15, 2022, Tiga Acquisition Corp., a Cayman Islands
exempted company (the “Company”
or “Tiga”),
held an extraordinary general meeting of shareholders (the
“Extraordinary
General Meeting”)
in connection with its previously announced business combination
with Grindr Group LLC, a Delaware limited liability company
(“Grindr”),
pursuant to the terms and conditions of the Agreement and Plan of
Merger, dated as of May 9, 2022, by and among Tiga, Tiga Merger Sub
LLC, a Delaware limited company and a direct, wholly owned
subsidiary of Tiga (“Merger
Sub I”),
and Grindr, as amended by the First Amendment to Agreement
and Plan of Merger, dated as of October 5, 2022, by and among Tiga,
Merger Sub I, Tiga Merger Sub II LLC, a
Delaware limited company and a direct, wholly owned subsidiary of
Tiga (“Merger
Sub II”), and Grindr (collectively, the “Merger
Agreement”). Defined terms used below have the meanings
assigned to them in the Merger Agreement unless otherwise
specified.
At
the Extraordinary General Meeting,
the Company’s shareholders voted on the proposals set forth below,
each of which is described in greater detail in the proxy statement
filed by the Company with the Securities and Exchange Commission
(“SEC”)
on November 1, 2022 (the “Proxy
Statement”).
At the Extraordinary General Meeting,
there were 27,280,518 shares
voted by proxy or in person.
Proposals
1, 2, 3, 4, 5, 6 and 7 below were approved and, although sufficient
votes were received to approve Proposal 8, an adjournment of
the Extraordinary General Meeting
was not necessary due to the approval of Proposals 1, 2, 3, 4, 5, 6
and 7. The number of votes cast for or against, as well as
abstentions and broker non-votes, if applicable, with respect to
each proposal is set out below:
Proposal No. 1 — To consider and vote upon, as an ordinary
resolution, a proposal to approve and adopt the Merger Agreement.
The Merger Agreement provides for, among other things, the merger
of Merger Sub I with and into Grindr (the “First
Merger”), with Grindr surviving the First Merger as a wholly
owned subsidiary of Tiga (Grindr, in its capacity as the surviving
company of the First Merger, is sometimes referred to herein as the
“Surviving
Company”), and as promptly as practicable and as part of the
same overall transaction as the First Merger, the merger of such
Surviving Company with and into Merger Sub II (the “Second
Merger” and, together with the First Merger, the
“Mergers”),
with Merger Sub II being the surviving entity of the Second Merger,
in accordance with the terms and subject to the conditions of the
Merger Agreement as more fully described in the Proxy Statement —we
refer to this proposal as the “Business Combination
Proposal”.
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Votes For
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Votes Against
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Abstentions
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26,682,997
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551,489
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46,032
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Proposal No. 2 — To consider and vote upon, as a special
resolution, a proposal to change Tiga’s jurisdiction of
incorporation by deregistering as an exempted company in the Cayman
Islands and continuing and domesticating as a corporation
incorporated under the laws of the State of Delaware — we refer to
this proposal as the “Domestication Proposal”.
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Votes For
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Votes Against
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Abstentions
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26,682,997
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551,489
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46,032
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Proposal No. 3 — To consider and vote upon, as a special
resolution, a proposal to approve and adopt the proposed new
certificate of incorporation (“Proposed
Certificate of Incorporation”) and the proposed new bylaws
(“Proposed
Bylaws”) of Tiga Acquisition Corp., a corporation
incorporated in the State of Delaware, and the filing with and
acceptance by the Secretary of State of Delaware of the certificate
of domestication in accordance with Section 388 of the Delaware
General Corporation Law (the “DGCL”),
which will be renamed “Grindr Inc.” in connection with the Business
Combination (Tiga after the Domestication, including after such
change of name, is referred to herein as “New
Grindr”) — we refer to this proposal as the “Organizational
Documents Proposal.” Copies of the forms of Tiga’s Proposed
Certificate of Incorporation and Proposed Bylaws are attached to
the Proxy Statement as Annex H and Annex I, respectively.
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Votes For
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Votes Against
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Abstentions
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26,682,997
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551,389
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46,132
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Proposal No. 4 — To consider and vote upon, as an ordinary
resolution, on a non-binding advisory basis, a proposal to approve
the following material differences between Tiga’s Amended and
Restated Memorandum and Articles of Association (as may be amended
from time to time, the “Cayman
Constitutional Documents”) and the Proposed Certificate of
Incorporation and Proposed Bylaws — we refer to this proposal as
the “Governance Proposal.” The Governance Proposal is being
presented separately in accordance with SEC guidance.
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Votes For
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Votes Against
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Abstentions
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26,091,379
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801,394
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387,745
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Proposal No. 4A —To provide authorization to change the
authorized capital stock of Tiga from (i) 200,000,000 Tiga Class A
ordinary shares, 20,000,000 Tiga Class B ordinary shares and
1,000,000 preferred shares, par value $0.0001 per share, of Tiga to
(ii) 1,000,000,000 shares of New Grindr Common Stock, having par
value per share of $0.0001 and 100,000,000 shares of New Grindr
preferred stock, having par value per share of $0.0001.
Proposal No. 4B — To require the affirmative vote of holders
of at least 66 2/3% of the voting power of all then-outstanding New
Grindr Common Stock entitled to vote generally in the election of
directors, voting together as a single class, to adopt, amend or
repeal the Proposed Bylaws and the provisions in the Proposed
Certificate of Incorporation related to Directors, Indemnification
and Limitation on Liability of Directors, Forum Selection and
Amendments.
Proposal No. 4C — To provide that, unless New Grindr
consents in writing to the selection of an alternative forum, the
Court of the Chancery of the State of Delaware shall be the sole
and exclusive forum for certain types of actions or proceedings
under Delaware statutory or common law, subject to certain
exceptions with respect to actions or proceedings existing under
the federal securities laws.
Proposal No. 5 — To consider and vote upon, as an ordinary
resolution of the holders of Class B ordinary shares, a proposal to
elect nine directors who, upon consummation of the business
combination, will be the directors of New Grindr — we refer to this
proposal as the “Director Election Proposal”.
Proposal No. 5A —To consider and vote upon a proposal to
elect James Fu Bin Lu.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5B —To consider and vote upon a proposal to
elect G. Raymond Zage, III.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5C —To consider and vote upon a proposal to
elect J. Michael Gearon, Jr.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5D —To consider and vote upon a proposal to
elect Nathan Richardson.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5E —To consider and vote upon a proposal to
elect Daniel Brooks Baer.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5F —To consider and vote upon a proposal to
elect George Arison.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5G —To consider and vote upon a proposal to
elect Gary I. Horowitz.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5H —To consider and vote upon a proposal to
elect Meghan Stabler.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 5I —To consider and vote upon a proposal to
elect Maggie Lower.
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Votes For
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Votes Against
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Abstentions
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6,900,000
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0
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0
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Proposal No. 6 — To consider and vote upon, as an ordinary
resolution, for the purposes of complying with the provisions of
Section 312.03 of the NYSE Listed Company Manual, a proposal to
issue New Grindr Common Stock to (a) Grindr’s members pursuant to
the Merger Agreement, (b) the Forward Purchase Investors pursuant
to the Forward Purchase Commitment and the Backstop Commitment
(each as defined in the Proxy Statement), if any and (c) to be
reserved for potential future issuances under the Grindr Inc. 2022
Equity Incentive Plan — we refer to this proposal as the “Stock
Issuance Proposal”.
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Votes For
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Votes Against
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Abstentions
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26,832,992
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401,494
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46,032
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Proposal No. 7 — To consider and vote upon, as an ordinary
resolution, a proposal to approve by ordinary resolution, the
Grindr Inc. 2022 Equity Incentive Plan. A copy of the 2022 Equity
Incentive Plan is attached to the Proxy Statement as Annex F — we
refer to this proposal as the “Incentive Plan Proposal”.
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Votes For
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Votes Against
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Abstentions
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26,091,312 |
1,143,171
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46,035
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Proposal No. 8 — To consider and vote upon a proposal, by
ordinary resolution, to adjourn the Extraordinary General Meeting
to a later date or dates, if necessary, to permit further
solicitation and vote of proxies in the event that there are
insufficient votes for, or otherwise in connection with, the
approval of one or more proposals at the Extraordinary General
Meeting — we refer to this proposal as the “Adjournment
Proposal.”
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Votes For
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Votes Against
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Abstentions
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26,682,985 |
551,501
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46,032
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A
total of 27,114,767 shares
of common stock were presented for redemption in connection with
the Extraordinary General Meeting.
In light of receipt of the requisite approvals by the Company’s
shareholders described above and subject to the satisfaction of
certain other closing conditions as described in the Proxy
Statement, the parties expect to complete the Business
Combination, as
described in greater detail in the Proxy Statement, on November 18,
2022.
Forward-Looking Statements Legend
This Current Report on Form 8-K contains certain forward-looking
statements within the meaning of the “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995
with respect to the proposed transaction between Grindr and Tiga.
These forward-looking statements generally are identified by the
words “believe,” “project,” “expect,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “opportunity,” “plan,” “propose,”
“forecast,” “seek,” “guidance,” “target,” “may,” “should,” “will,”
“would,” “will be,” “will continue,” “will likely result,” and
similar expressions. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this document, including but not limited to: (i) the
risk that the transaction may not be completed in a timely manner
or at all, which may adversely affect the price of Tiga’s
securities, (ii) the risk that the transaction may not be completed
by Tiga’s business combination deadline and the potential failure
to obtain an extension of the business combination deadline if
sought by Tiga, (iii) the failure to satisfy the conditions to the
consummation of the transaction, including the adoption of the
Merger Agreement by the shareholders of Tiga, the satisfaction of
the minimum amount following redemptions by Tiga’s public
shareholders and the receipt of certain governmental and regulatory
approvals in Tiga’s trust account, (iv) the lack of a third party
valuation in determining whether or not to pursue the proposed
transaction, (v) the inability to complete the Forward Purchase
Commitment, the Backstop Commitment or the PIPE Investment (each as
defined in the Merger Agreement), (vi) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the Merger Agreement, (vii) the effect of the
announcement or pendency of the transaction on Grindr’s business
relationships, operating results, and business generally, (viii)
risks that the proposed transaction disrupts current plans and
operations of Grindr, (ix) the outcome of any legal proceedings
that may be instituted against Grindr or against Tiga related to
the Merger Agreement or the Business Combination, (x) the ability
to maintain the listing of Tiga’s securities on a national
securities exchange, (xi) the potential benefits of the Business
Combination (including with respect to shareholder value), (xii)
the effects of competition on Grindr’s future business, (xiii)
risks related to political and macroeconomic uncertainty, (xiv) the
amount of redemption requests made by Tiga’s public shareholders,
(xv) the ability of Tiga or the combined company to issue equity or
equity-linked securities in connection with the Business
Combination or in the future and (xvi) the impact of the COVID-19
pandemic and the 2022 monkeypox outbreak. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of Tiga’s registration on Form S-4
(File No. 333-264902), the registration statement on Form S-4
discussed above and other documents filed by Tiga from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Grindr and Tiga assume no
obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Grindr nor Tiga gives any
assurance that either Grindr or Tiga, or the combined company, will
achieve its expectations.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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TIGA ACQUISITION CORP.
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Dated: November 15, 2022
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By:
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/s/ G. Raymond Zage, III
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Name: G. Raymond Zage, III
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Title: Chairman and CEO
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