3601 Walnut Street, Suite 700, Denver, CO 80205
Angi Inc. is a Delaware corporation. We were incorporate on April 13, 2017.
On May 1, 2017, Angie's List, Inc. and IAC/InterActiveCorp entered into an Agreement and Plan of Merger to combine IAC/InterActiveCorp's HomeAdvisor business and Angie's List, Inc. under a new publicly traded company, Angi Inc. The merger was completed on September 29, 2017 and shares of Class A common stock of Angi Inc. commenced trading on The Nasdaq Global Select Market on October 2, 2017 under the ticker symbol “ANGI.”
Angi Inc. did not have an initial public offering.
Shares of Class A common stock of Angi Inc. are traded on The Nasdaq Global Select Market under the ticker symbol “ANGI.” The CUSIP number for our Class A common stock is 00183L 10 2.
December 31.
Angi Inc. has never declared or paid cash dividends on its capital stock, and we have not yet determined whether, when and in what amounts we may pay cash dividends on shares of our Class A common stock, Class B common stock or Class C common stock (if any is then-outstanding) in the future. Any determination to pay dividends in the future will be at the discretion of the Angi Inc. board of directors and will depend upon results of operations, financial condition, contractual restrictions, and any future indebtedness we may incur, restrictions imposed by applicable law and other factors that our board of directors then deems relevant.
The transfer agent for Angi Inc. is Computershare. Stockholder correspondence by mail should be sent to: PO Box 30170 College Station, TX 77842-3170. Overnight stockholder correspondence should be sent to: 211 Quality Circle, Suite 210, College Station, TX 77845. Stockholder inquiries may also be made online at: https://www-us.computershare.com/investor?contact.
Ernst & Young LLP.
Upon close of the transaction, IAC shareholders received 0.5251 shares of Angi common stock for each share of IAC common stock held immediately prior to the closing of transaction.
No. All IAC stockholders will receive cash in lieu of fractional shares of Angi (after aggregating all fractional shares that would otherwise be issuable to such holder in any given account).
None. Following the close of market on March 31, 2025, IAC does not own any shares of Angi and the shares of Angi formerly held by IAC are now held directly by IAC shareholders.
While we cannot tell you how to calculate the cost basis of your IAC and Angi shares after the Spin-Off, the following data points should assist you with your calculation. For every share of IAC that you owned prior to the Angi Spin-Off, you received 0.5251 Angi shares (the Spin-Off exchange ratio).
The opening prices of the common stock of IAC and Angi on April 1, 2025 (the first date of regular way trading for both securities following the closing of transaction) were $37.96 and $15.03, respectively.
Cost basis is different for every stockholder because it is based upon a number of factors, including when and at what price the shares were initially obtained, as well as adjustments resulting from corporate actions (such as acquisitions, spin-offs and stock splits, among others) that may have occurred over the course of ownership. Accordingly, IAC stockholders should consult their tax advisors to determine the cost basis of their IAC and Angi shares.
The Angi Spin-Off was generally treated as a non-taxable event in the United States for federal tax purposes to holders of IAC common stock. IAC did not pursue a determination of eligibility for tax status in any jurisdiction outside of the United States. Accordingly, non-U.S. stockholders should consult their tax advisors to seek non-taxable status on an individual basis. For more information about the tax consequences of the Angi Spin-Off, see the disclosure under the caption “Material U.S. Federal Income Tax Consequences” in the final prospectus supplement of Angi, Inc. filed with the U.S. Securities and Exchange Commission on March 26, 2025.
IAC’s common stock continued trading (with the same CUSIP number 44891N 208) under the symbol “IAC” on The Nasdaq Global Select Market from and after March 31, 2025.
Angi’s common stock continued trading (with the CUSIP number 00183L 201) under the symbol “ANGI” on The Nasdaq Global Select Market on March 31, 2025.
IAC continues to hold all of the businesses and investments that it held prior to the Angi Spin-Off, other than Angi and its subsidiaries. As of the date of the Angi Spin-Off, these businesses include Dotdash Meredith and Care.com, as well as strategic equity positions in businesses across several industries, including in MGM Resorts International and Turo Inc.