other material
confidence high
sentiment neutral
materiality 0.70
Angi announces 1-for-10 reverse stock split effective March 24, spin-off from IAC on March 31
Angi Inc.
- Reverse stock split at 1-for-10 ratio for Class A and Class B common stock effective March 24, 2025.
- IAC to distribute all its Angi shares as a special dividend on March 31, 2025 to IAC stockholders of record March 25.
- Approximately 0.5178 Angi shares per IAC share expected based on current counts; cash for fractional shares.
- After spin-off, IAC will own no Angi stock; Angi trades under 'ANGI' on Nasdaq with when-issued trading prior to distribution.