IAC Inc.

03/17/2025 | Press release | Distributed by Public on 03/17/2025 04:58

Regulation FD Disclosure (Form 8-K)

Item 7.01 Regulation FD Disclosure.

On March 16, 2025, the Board of Directors (the "Board") of IAC Inc. (''IAC" or the ''Company") authorized an increase (the "Additional Authorization") in its share repurchase program (the "Share Repurchase Program"), pursuant to which the Company may repurchase up to an additional 10 million shares. As a result of the Additional Authorization, as of the date of this current report, the Company has approximately 10.2 million shares available for repurchases under the Share Repurchase Program.

The timing and amount of repurchases will depend on a variety of factors, including ongoing assessments of the capital needs of the business, share price, trading volumes and general market conditions. The Share Repurchase Program will be conducted in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (the ''Exchange Act"). Shares of IAC common stock may be repurchased from time to time on the open market, in privately negotiated transactions or otherwise, including pursuant to one or more trading plans adopted in accordance with Rule 10b5-1(c) under the Exchange Act.

The information in Item 7.01 of this Report shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.