IAC announced that its Board of Directors approved the planned spin-off of Angi Inc. and declared a special dividend distributing all shares of Angi capital stock held by IAC to its stockholders. The distribution will be completed on March 31, 2025, with IAC stockholders of record as of March 25, 2025, receiving approximately 0.5178 shares of Angi Class A common stock per share of IAC stock held, subject to final adjustments. No fractional shares will be issued, and stockholders will receive cash for any fractional entitlements. After the spin-off, IAC will no longer own any shares of Angi.