VCSA Overview

Appointment Announcement: Chad Cohen has been appointed to Grindr's Board of Directors and will serve as the Chair of the Audit Committee starting June 3, 2025. He brings extensive experience from previous roles at Zillow Group and Adaptive Biotechnologies, among others.

Grindr's Mission and Impact: Grindr, with over 14.5 million active users, aims to support the LGBTQ+ community globally through its platform and initiatives like Grindr for Equality, which focuses on advancing human rights and safety for LGBTQ+ individuals.

Merger Approval: Vacasa, Inc. announced that its stockholders approved the merger with Casago, with significant support from Class A and B common stockholders during a special meeting held on April 29, 2025.

Closing Expectations: The company anticipates the merger will close on April 30, 2025, pending the satisfaction of remaining conditions, and will file a final report with the SEC regarding the meeting results.

Vacasa's Strategic Review and Merger Proposal: Vacasa has undergone an eight-month strategic review process and is urging shareholders to vote "FOR" its proposed merger with Casago, which has been recommended by independent proxy advisory firms ISS and Glass Lewis.

CEO's Statement on Shareholder Support: CEO Rob Greyber expressed satisfaction with the support from ISS and Glass Lewis, emphasizing that the merger represents the best risk-adjusted outcome for shareholders amidst a challenging standalone outlook.

Vacasa's Special Committee Decision: Vacasa's Special Committee has determined that an unsolicited acquisition proposal from Davidson Kempner does not qualify as a "Superior Proposal" compared to the ongoing merger agreement with Casago, citing concerns over transaction certainty and necessary approvals.

Support for Casago Merger: The Board of Directors reaffirmed their recommendation for shareholders to approve the merger with Casago at a price of $5.30 per share, emphasizing the greater certainty of this transaction amidst market volatility.

Vacasa's Acquisition Proposal: Vacasa's board has unanimously determined that the revised acquisition proposal from Davidson Kempner is not superior, reaffirming their support for the transaction with Casago at $5.30 per share.

Previous Offers: The decision to reject Davidson Kempner's offer was influenced by Casago's proposal providing greater certainty without needing changes to Vacasa's Tax Receivable Agreement.

Investigation of Companies: Halper Sadeh LLC is investigating Radius Recycling, Vacasa, and ProAssurance for potential violations of federal securities laws related to their recent sales, seeking increased consideration and additional disclosures for shareholders.

Legal Support for Shareholders: The firm offers free consultations to affected shareholders and operates on a contingent fee basis, meaning no upfront legal costs are required from clients.