IAC Inc. functions as an agile internet and media enterprise, having recently finalized the complete divestiture of its home services division, Angi Inc.. In conjunction with this corporate restructuring, IAC issued a special dividend, transferring its Angi Class A common stock directly to its investors. The ticker symbol IACVV identifies shares of IAC common stock traded on a "when-issued" basis, meaning they do not confer the right to receive the aforementioned Angi share distribution. This maneuver underscores IAC's ongoing strategy of cultivating and evolving various digital ventures.