IAC Inc. Signs Material Definitive Agreement

Ticker: IAC · Form: 8-K · Filed: 2025-01-21T00:00:00.000Z

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.

From the Filing

0001104659-25-004944.txt : 20250121 0001104659-25-004944.hdr.sgml : 20250121 20250121170329 ACCESSION NUMBER: 0001104659-25-004944 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250120 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20250121 DATE AS OF CHANGE: 20250121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IAC Inc. CENTRAL INDEX KEY: 0001800227 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 843727412 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39356 FILM NUMBER: 25543210 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: (212) 314-7300 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: IAC/InterActiveCorp DATE OF NAME CHANGE: 20200702 FORMER COMPANY: FORMER CONFORMED NAME: IAC Holdings, Inc. DATE OF NAME CHANGE: 20200115 8-K 1 tm254017d1_8k.htm FORM 8-K false 0001800227 0001800227 2025-01-20 2025-01-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): January 20, 2025   IAC Inc.   (Exact name of registrant as specified in charter)   Delaware   001-39356   84-3727412 (State or other jurisdiction   (Commission   (IRS Employer of incorporation)   File Number)   Identification No.)   555 West 18th Street , New York , NY   10011 (Address of principal executive offices)   (Zip Code)   Registrant's telephone number, including area code:   ( 212 ) 314-7300   (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of exchange on which registered Common Stock, par value $0.0001 IAC The Nasdaq Stock Market LLC (Nasdaq Global Select Market)   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             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 fro