On October 14, 2025, SEC filings indicated Lu and Zage were proposing a take-private transaction that would squeeze out minority shareholders while preserving their own stakes. On October 24, 2025, they disclosed an offer to Grindr’s special committee to buy all minority shares for $18.00 per share. Although controller-led, there is no indication the deal would require a majority-of-the-minority vote. A special committee has been appointed, but its effectiveness as a check is uncertain. BFA Law is investigating Grindr’s board and majority holders (Zage and Lu) for potential breaches of fiduciary duty in connection with the proposed transaction.