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Business Combination (FY) (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination [Abstract]

Purchase Price Allocation

The table below is a summary of the purchase price allocation of the equity interest of the fair value of assets acquired and liabilities assumed in connection with the acquisition of the Predecessor on June 10, 2020:

Cash consideration	​	​	$330,298
Deferred payments to Kunlun	​	​	156,082
Equity, Series Y preferred units of Grindr Group LLC	​	​	7,364
Contingent consideration	​	​	400
Total consideration	​	​	$494,144

Allocation of purchase price:	​	​
Cash, cash equivalents and restricted cash	​	​	$66,454
Accounts receivable	​	​	9,041
Other current assets	​	​	4,811
Property and equipment	​	​	3,109
Tradename	​	​	65,844
Customer relationships	​	​	94,874
Technology	​	​	37,820
Other non-current assets	​	​	425
Current liabilities	​	​	(13,871)
Non-current liabilities	​	​	(32,982)
Total identifiable net assets	​	​	235,525
Goodwill	​	​	258,619
Total assets acquired	​	​	$494,144

Fair Value of Intangible Assets Acquired

The fair value of the intangible assets acquired consists of:

	​	​	Estimated fair value	​	​	Estimated useful life	​	​	Valuation approach
Tradename	​	​	65,844	​	​	Indefinite	​	​	Income approach
Customer relationship	​	​	94,874	​	​	5 years	​	​	Income approach
Technology	​	​	37,820	​	​	3 years	​	​	Cost approach
Net intangible assets acquired	​	​	$198,538	​	​		​	​

Pro-forma Operating Results

The following represents unaudited pro-forma operating results, as if the Predecessor had been included in the Successor’s consolidated statements of operations and comprehensive income and loss as of January 1, 2019:

	​	​	Unaudited Pro Forma Year Ended December 31,
	​	​	2020	​	​	2019
Revenue	​	​	$112,657	​	​	$99,612
Net loss	​	​	(22,222)	​	​	(19,157)
Loss per share - Basic and diluted	​	​	$(0.22)	​	​	$(0.19)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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