Mar 26, 2025   SOURCE: PR NewsWire

Cava Group Set to Join S&P MidCap 400 and Angi to Join S&P SmallCap 600

NEW YORK, March 26, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600:

    --  Cava Group Inc. (NYSE: CAVA) will replace Altair Engineering Inc. (NASD:
        ALTR) in the S&P MidCap 400 effective prior to the opening of trading on
        Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in
        a deal completed today.
    --  Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P
        SmallCap 600 effective prior to the opening of trading on Wednesday,
        April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning
        off its ownership interest in ANGI in a transaction expected to be
        completed on Tuesday, April 1. Post spin-off, IAC will remain in the S&P
        SmallCap 600. The ODP Corp.'s market capitalization is no longer
        representative of the small-cap market space.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:


     Effective Date            Index Name          Action              Company Name      Ticker            GICS Sector


     March 31, 2025 S&P MidCap 400        Addition          Cava Group              CAVA        Consumer
                                                                                                 Discretionary


     March 31, 2025 S&P MidCap 400        Deletion          Altair                  ALTR        Information
                                                             Engineering                         Technology


      April 2, 2025 S&P SmallCap 600      Addition        
     ANGI                    ANGI        Communication
                                                                                                 Services


      April 2, 2025 S&P SmallCap 600      Deletion          The ODP Corp            ODP         Consumer
                                                                                                 Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

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SOURCE S&P Dow Jones Indices