IAC announces spin-off of Angi Inc. via special dividend; record date March 25, distribution March 31

IAC Inc.

Board approved spin-off of Angi Inc.; IAC will distribute all Angi shares to IAC stockholders.
Record date March 25, 2025; distribution date March 31, 2025.
Approximately 0.5178 shares of Angi Class A common stock per share of IAC stock (subject to adjustment).
No fractional shares; cash paid in lieu of fractional shares.
Angi to continue trading on Nasdaq under ticker 'ANGI'; when-issued trading expected.

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