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Friday, March 14, 2025

Equity Corporate Actions Alert #2025 - 133
Spin-Off/Distribution Information for IAC Inc. (IAC)

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  • Industry Announcement

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On March 10, 2025, IAC Inc. Common Stock (IAC) announced a spin-off of its subsidiary Angi Inc. (ANGI). The EX distribution when-issued market of IAC Inc. Common Stock (IACVV) and the when-issued market for Angi Inc. Class A Common Stock (ANGIV) is expected to begin trading on Nasdaq on Tuesday, March 25, 2025. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: IAC Inc. Common Stock
CUSIP: 44891N208
Symbol: IAC
Record Date: March 25, 2025
Payment Date: March 31, 2025
EX Date: April 1, 2025
Due Bill Redemption Date: April 1, 2025
Ratio of Spin-Off/ Distribution:
 Approximately 0.5178 shares of Angi Class A common stock for each share held. The distribution rate is on a post 1-10 reverse split basis of Angi Inc. (ANGI), which is expected to be effective on 3/24/2025, prior to the record date for the spin off.

An EX distribution when issued market will be established for IAC Inc. Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued market are as follows:

Symbol: IACVV
CUSIP: 44891N117
First Trade Date: March 25, 2025
Anticipated Suspension Date: April 1, 2025
Settlement Date: April 2, 2025

A when-issued market will be established for the post reverse split (1-10) shares of Angi, Inc. The details for the when issued market are as follows:

Symbol: ANGIV
CUSIP: 00183L201
First Trade Date: March 25, 2025
Anticipated Suspension Date: April 1, 2025
Settlement Date: April 2, 2025

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in IACVV or ANGIV contact Nasdaq Trading Services at +1 212 231 5100.

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