IAC Inc. Reports Material Definitive Agreement and Financial Obligation

Ticker: IAC · Form: 8-K · Filed: 2025-05-19T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

IAC Inc. just signed a big deal creating a new financial obligation. Details inside.

AI Summary

On May 14, 2025, IAC Inc. entered into a material definitive agreement related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.

Why It Matters

This filing indicates a new financial commitment or obligation for IAC Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation can introduce new risks related to debt, interest rates, or performance requirements.

Key Players & Entities

IAC Inc. (company) — Registrant
May 14, 2025 (date) — Date of earliest event reported
Delaware (jurisdiction) — State of incorporation
555 West 18th Street (address) — Business address
New York (location) — City of business address
10011 (zip_code) — Zip code of business address

FAQ

What is the nature of the material definitive agreement entered into by IAC Inc. on May 14, 2025?

The filing indicates the entry into a material definitive agreement that creates a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details are within the document.

What type of financial obligation has IAC Inc. created?

IAC Inc. has created a direct financial obligation or an obligation under an off-balance sheet arrangement, as detailed in the filing.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 14, 2025.

Where is IAC Inc. incorporated?

IAC Inc. is incorporated in Delaware.

What is the business address of IAC Inc.?

The business address of IAC Inc. is 555 West 18th Street, New York, NY 10011.

From the Filing

0001104659-25-050217.txt : 20250519 0001104659-25-050217.hdr.sgml : 20250519 20250519070025 ACCESSION NUMBER: 0001104659-25-050217 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250514 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250519 DATE AS OF CHANGE: 20250519 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 EIN: 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: 25961472 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 tm2514987d1_8k.htm FORM 8-K false 0001800227 0001800227 2025-05-14 2025-05-14 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): May 14, 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 May 14, 2025, Dotdash Meredith Inc. (the “ Borrower ”), a subsidiary of IAC Inc., and certain of its subsidiaries entered into that certain Increment