The Issuer may redeem for cash all, but not less than all, of the Exchangeable Notes, at its option, upon the occurrence of certain corporate events at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the redemption date.The offering is being made to persons who are both qualified institutional buyers pursuant to Rule 144A under the Securities Act and qualified purchasers for purposes of Section 3(c)(7) of the Investment Company Act of 1940, as amended.The exchangeable note hedge transactions cover, subject to customary anti-dilution and other adjustments substantially similar to those applicable to the Exchangeable Notes, the number of shares of IAC Common Stock underlying the Exchangeable Notes and have a strike price corresponding to the exchange price of the Exchangeable Notes.The exchangeable note hedge transactions are expected to reduce potential dilutive effect on IAC Common Stock upon any exchange of Exchangeable Notes and/or offset any cash payments the Issuer is required to make in excess of the principal amount of exchanged Exchangeable Notes, as the case may be, in the event that the market price per share of IAC Common Stock is greater than the strike price of the exchangeable note hedge transactions., 2017. If the initial purchasers exercise their over-allotment option to purchase additional Exchangeable Notes, the Issuer expects to enter into additional exchangeable note hedge transactions with the option counterparties, and IAC expects to enter into additional warrant transactions with the option counterparties." data-reactid="20"Concurrently with the Issuer's entry into the exchangeable note hedge transactions, IAC entered into warrant transactions with the option counterparties whereby IAC sold to the option counterparties warrants to purchase, subject to customary anti-dilution and other adjustments, up to the same number of shares of IAC Common Stock.We have members all over the world who enjoy being naked, skinny dipping and meeting others who follow the nudist lifestyle.Nudism is a fun, healthy, freeing and wholesome way for men and women to socialize and live without clothes.
We offer a friendly and confidential environment for nudists and naturists to look for friendships, relationships, and resources concerning the nudist lifestyle.
These forward-looking statements are based on IAC management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.
Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons.
Forward-looking statements speak only as of the date they are made and IAC does not intend, and undertakes no obligation, to update any forward-looking statement.
About IAC" data-reactid="31"About IACIAC) is a leading media and Internet company comprised of widely known consumer brands such as Home Advisor, Vimeo, Dotdash (formerly About.com), Dictionary.com, The Daily Beast, Investopedia and Match Group's online dating portfolio, which includes Match, Tinder, Plenty Of Fish and Ok Cupid. IAC is headquartered in IAC (IAC) is a leading media and Internet company comprised of widely known consumer brands such as Home Advisor, Vimeo, Dotdash (formerly About.com), Dictionary.com, The Daily Beast, Investopedia and Match Group's online dating portfolio, which includes Match, Tinder, Plenty Of Fish and Ok Cupid.
Among the factors that could cause actual results to differ from those reflected in forward-looking statements include, without limitation, the risks and uncertainties described in IAC's filings with the U. Securities and Exchange Commission, including IAC's Annual Report on Form 10-K for the fiscal year ended , 2016.