Aristeia Capital discloses 7.96% IAC Inc. (IAC) ownership on Schedule 13G

Rhea-AI Filing Summary

Aristeia Capital, L.L.C. reported a significant ownership stake in IAC Inc., holding 5,702,459 shares of common stock. This represents approximately 7.96% of IAC’s outstanding common shares, based on 71,643,545 shares outstanding as of October 31, 2025.

Aristeia has sole power to vote and dispose of all 5,702,459 shares and no shared voting or dispositive power. It states the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of IAC Inc.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

IAC Inc.

(Name of Issuer)

Common Stock, par value $0.0001

(Title of Class of Securities)

44891N208

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 44891N208

1

Names of Reporting Persons

Aristeia Capital, L.L.C.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,702,459.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,702,459.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,702,459.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.96 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IAC Inc.
(b)	Address of issuer's principal executive offices: 555 West 18th Street, New York, New York 10011
Item 2.
(a)	Name of person filing: Aristeia Capital, L.L.C.
(b)	Address or principal business office or, if none, residence: One Greenwich Plaza, Suite 300, Greenwich, CT 06830
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock, par value $0.0001
(e)	CUSIP No.: 44891N208
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,702,459 The Reporting Person may be deemed the beneficial owner of 5,702,459 shares of common stock, par value $0.0001 per share, which is approximately 7.96% of the outstanding shares. This percentage was determined by dividing 5,702,459 by 71,643,545, which is the number of shares outstanding as of October 31, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on November 3, 2025.
(b)	Percent of class: 7.96%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5,702,459
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5,702,459
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Aristeia Capital, L.L.C.

Signature:	/s/ Andrew B. David
Name/Title:	Andrew B. David / Chief Operating Officer, Aristeia Capital, L.L.C.
Date:	02/17/2026

FAQ

What ownership stake in IAC (IAC) does Aristeia Capital report on this Schedule 13G?

Aristeia Capital reports beneficial ownership of 5,702,459 IAC common shares, representing about 7.96% of the outstanding class. This percentage is based on 71,643,545 IAC shares outstanding as of October 31, 2025, as disclosed in the company’s Form 10-Q.

How did Aristeia Capital calculate its 7.96% ownership of IAC (IAC)?

The 7.96% figure is calculated by dividing 5,702,459 owned shares by 71,643,545 IAC shares outstanding as of October 31, 2025. That outstanding share count comes from IAC’s Form 10-Q filed November 3, 2025, and is used as the denominator.

What voting and dispositive powers does Aristeia Capital have over its IAC (IAC) shares?

Aristeia Capital reports sole voting power over 5,702,459 shares and sole dispositive power over the same 5,702,459 shares. It indicates zero shared voting and zero shared dispositive power, meaning only Aristeia controls voting and sale decisions for this block.

Is Aristeia Capital seeking to influence control of IAC (IAC) with this stake?

Aristeia Capital certifies the IAC shares were acquired and held in the ordinary course of business. It states they were not acquired and are not held to change or influence the control of IAC, other than activities solely in connection with a nomination under Rule 14a-11.

What type of entity is Aristeia Capital in this IAC (IAC) Schedule 13G filing?

Aristeia Capital, L.L.C. is organized in Delaware and is classified as an investment adviser under Rule 13d-1(b)(1)(ii)(E). The filing lists its principal business office at One Greenwich Plaza, Suite 300, Greenwich, Connecticut 06830.

On what date did Aristeia Capital’s IAC (IAC) ownership trigger this Schedule 13G filing?

The filing lists December 31, 2025 as the date of the event requiring the Schedule 13G. This indicates Aristeia’s beneficial ownership in IAC common stock reached or exceeded the reporting threshold as of that date.