Angi Inc. Reports Unregistered Equity Sales

Ticker: ANGI · Form: 8-K · Filed: 2025-03-13T00:00:00.000Z

Sentiment: neutral

Topics: equity-sale, unregistered-securities

TL;DR

Angi Inc. sold unregistered equity, deal closed March 12.

AI Summary

On March 7, 2025, Angi Inc. filed an 8-K report detailing unregistered sales of equity securities. The filing indicates a transaction occurred on March 12, 2025, related to these sales. The company, formerly known as ANGI Homeservices Inc., is incorporated in Delaware and headquartered in Denver, Colorado.

Why It Matters

This filing signals potential dilution or changes in the company's equity structure due to unregistered sales, which could impact existing shareholders.

Risk Assessment

Risk Level: medium — Unregistered sales can sometimes indicate a need for capital or complex financial arrangements, carrying inherent risks.

Key Players & Entities

Angi Inc. (company) — Registrant
ANGI Homeservices Inc. (company) — Former name of Registrant
March 7, 2025 (date) — Date of earliest event reported
March 12, 2025 (date) — Date as of change
Delaware (jurisdiction) — State of incorporation
Denver, CO (location) — Address of principal executive offices

FAQ

What type of equity securities were sold unregistered?

The filing does not specify the exact type of equity securities sold unregistered, only that unregistered sales of equity securities occurred.

What was the purpose of the unregistered sales of equity securities?

The filing does not disclose the specific purpose behind the unregistered sales of equity securities.

Were these unregistered sales part of a private placement or other exemption from registration?

The filing indicates 'Unregistered Sales of Equity Securities' but does not detail the specific exemption or method used for the sale.

What is the significance of the 'Date as of change' being March 12, 2025?

The 'Date as of change' of March 12, 2025, indicates the effective date or closing date for the unregistered sales of equity securities reported.

Does this filing imply any immediate financial impact or dilution for Angi Inc. shareholders?

While the filing indicates unregistered sales, it does not provide enough detail to determine the immediate financial impact or dilution for shareholders.

From the Filing

0001104659-25-023045.txt : 20250313 0001104659-25-023045.hdr.sgml : 20250313 20250312181400 ACCESSION NUMBER: 0001104659-25-023045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250307 ITEM INFORMATION: Unregistered Sales of Equity Securities FILED AS OF DATE: 20250313 DATE AS OF CHANGE: 20250312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Angi Inc. CENTRAL INDEX KEY: 0001705110 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 821204801 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38220 FILM NUMBER: 25733172 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2123147230 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: ANGI Homeservices Inc. DATE OF NAME CHANGE: 20170504 FORMER COMPANY: FORMER CONFORMED NAME: Halo TopCo, Inc. DATE OF NAME CHANGE: 20170427 8-K 1 tm259029d1_8k.htm FORM 8-K false 0001705110 0001705110 2025-03-07 2025-03-07 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): March 7, 2025   Angi Inc. (Exact name of registrant as specified in its charter)   Delaware   001-38220   82-1204801 (State or other jurisdiction of incorporation)   (Commission File No.)   (I.R.S. Employer Identification No.)   3601 Walnut Street , Suite 700 Denver , CO   80205 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 303 ) 963-7200   (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 each exchange on which registered) Class A Common Stock, par value $0.001 ANGI 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 3.02. Unregistered Sales of Equity Securities.   On March 7, 2025, Angi Inc. (“Angi”) issued an aggregate of 1,203,508 shares (the “Shares”) of Class A common stock, par value $0.001 per share, of Angi (“Angi Class A Common Stock”), at a price per share of $1.66, to IAC Inc. (“IAC”), the controlling stockholder of Angi. Angi issued the Shares to IAC as reimbursement for shares of common stock, par value $0.0001 per share, of IAC issued in connection with the settlement of cert