IAC Inc. Signs Material Definitive Agreement
Ticker: IAC · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1800227
| Field | Detail |
|---|---|
| Company | Iac Inc. (IAC) |
| Form Type | 8-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
TL;DR
IAC Inc. signed a big deal on Jan 20, 2025. Details TBD.
AI Summary
On January 20, 2025, IAC Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or the financial terms involved.
Why It Matters
This filing indicates a significant new contract or partnership for IAC Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing introduces uncertainty about the nature and impact of the agreement.
Key Players & Entities
- IAC Inc. (company) — Registrant
- January 20, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by IAC Inc.?
The filing states that IAC Inc. entered into a material definitive agreement on January 20, 2025, but does not provide specific details about its nature.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
What are the key financial terms or obligations associated with this agreement?
The filing does not specify any financial terms, dollar amounts, or obligations related to the material definitive agreement.
When was this material definitive agreement officially entered into?
The agreement was entered into on January 20, 2025, which is the date of the earliest event reported.
Does this agreement represent an acquisition, divestiture, or a new partnership for IAC Inc.?
The filing does not provide enough information to determine if the agreement is an acquisition, divestiture, or a new partnership.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-21 17:03:29
Key Financial Figures
- $0.0001 — h registered Common Stock, par value $0.0001 IAC The Nasdaq Stock Market LLC (Na
Filing Documents
- tm254017d1_8k.htm (8-K) — 23KB
- 0001104659-25-004944.txt ( ) — 190KB
- iac-20250120.xsd (EX-101.SCH) — 3KB
- iac-20250120_lab.xml (EX-101.LAB) — 33KB
- iac-20250120_pre.xml (EX-101.PRE) — 22KB
- tm254017d1_8k_htm.xml (XML) — 3KB
01. Entry Into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement. On January 20, 2025, IAC Inc. (the "Company") entered into a further amendment to its services agreement with Google (the "Amendment"), with the amended terms to be effective on April 1, 2025. Following the execution of the Amendment, the expiration date of such agreement is now March 31, 2026, with an automatic renewal for an additional one-year period absent a notice of non-renewal from either party on or before December 31, 2025. The Agreement will be filed as an exhibit to the Company's annual report on Form 10-K for the fiscal year ended December 31, 2024. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. IAC Inc. By: /s/ KENDALL HANDLER Name: Kendall Handler Title: Executive Vice President, Chief Legal Officer & Secretary Date : January 21, 2025 3