{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-06-05T00:29:10.125221+00:00","company":{"ticker":"VATE","cik":1006837,"company_name":"INNOVATE Corp."},"pagination":{"limit":100,"returned":4,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","facts":[{"fact_type":"debt_financing","fact_key":"517ce7b0cdc869dc48dd850fd366dfa2a9b901df","cik":1006837,"ticker":"VATE","company_name":"INNOVATE Corp.","filed_at":"2026-06-01T12:45:13+00:00","payload":{"counterparty":"HC2 Merger Sub, LLC","effective_date":"2026-05-29","event":"incurrence","instrument_type":"loan","interest_rate_text":"8.00% per annum, payable quarterly in kind","item_codes_triggered":["2.03"],"maturity_text":"first anniversary of the Loan Closing Date","principal_text":"aggregate principal amount of $105 million"},"claim":"INNOVATE Corp. incurred loan of aggregate principal amount of $105 million with HC2 Merger Sub, LLC at 8.00% per annum, payable quarterly in kind maturing first anniversary of the Loan Closing Date.","evidence_excerpt":"On May 29, 2026 (the “Loan Closing Date”), Broadcasting entered into a loan agreement (the “New Loan Agreement”), as borrower, with Merger Sub, as lender and HC2 Holdco and certain of Broadcasting’s subsidiaries, as guarantors. The New Loan Agreement provides for a bridge loan facility in an aggregate principal amount of $105 million (the “Bridge Loan Facility”), to be funded in a single drawing on the Loan Closing Date.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001006837-26-000045","anchor_url":"https://secwatch.observer/filing/0001006837-26-000045#claim-517ce7b0cdc869dc48dd850fd366dfa2a9b901df","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000045/0001006837-26-000045-index.htm"},{"fact_type":"earnings_release","fact_key":"9482e8c73b963bc0add08280a7b585c816b7d77f","cik":1006837,"ticker":"VATE","company_name":"INNOVATE Corp.","filed_at":"2026-03-26T23:59:59+00:00","payload":{"eps_text":"$(0.58)","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$ (7.8)","period_text":"the fourth quarter and full year ended December 31, 2025","report_date":"2026-03-26","result_type":"reported_results","revenue_text":"$ 382.7"},"claim":"INNOVATE Corp. reported the fourth quarter and full year ended December 31, 2025 results: revenue $ 382.7, net income $ (7.8), EPS $(0.58).","evidence_excerpt":"Summary (in millions, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2025 2024 Increase / (Decrease) 2025 2024 Increase / (Decrease) Revenue $ 382.7 $ 236.6 61.7 % $ 1,246.0 $ 1,107.1 12.5 % Net loss attributable to common stockholders and participating preferred stockholders $ (7.8) $ (16.9) 53.8 % $ (64.0) $ (35.8) (78.8) %","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001006837-26-000013","anchor_url":"https://secwatch.observer/filing/0001006837-26-000013#claim-9482e8c73b963bc0add08280a7b585c816b7d77f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000013/0001006837-26-000013-index.htm"},{"fact_type":"earnings_release","fact_key":"b133bfcf69ac681e6c129bf203880bcc3c024b6c","cik":1006837,"ticker":"VATE","company_name":"INNOVATE Corp.","filed_at":"2024-05-07T23:59:59+00:00","payload":{"eps_text":"$0.22 per fully diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$17.7 million","period_text":"the quarter ended March 31, 2024","report_date":"2024-05-07","result_type":"reported_results","revenue_text":"$315.2 million"},"claim":"INNOVATE Corp. reported the quarter ended March 31, 2024 results: revenue $315.2 million, net income $17.7 million, EPS $0.22 per fully diluted share.","evidence_excerpt":"stockholders $ (0.22) $ (0.13) (69.2) % Total Adjusted EBITDA (1) $ 12.8 $ 4.9 161.2 % (1) Reconciliation of GAAP to Non-GAAP measures follows Commentary “INNOVATE delivered $315.2 million in revenue in the first quarter as the three business segments experienced a strong start to 2024,” said Avie Glazer, Chairman of INNOVATE. “Infrastructure's first quarter top","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001006837-24-000078","anchor_url":"https://secwatch.observer/filing/0001006837-24-000078#claim-b133bfcf69ac681e6c129bf203880bcc3c024b6c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000078/0001006837-24-000078-index.htm"},{"fact_type":"governance_change","fact_key":"3cdffe1c8b778616ad8c3072aa32d6f55259c04c","cik":1006837,"ticker":"VATE","company_name":"INNOVATE Corp.","filed_at":"2024-03-28T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2024-03-28","item_codes_triggered":["5.03"],"summary_text":"Filed Certificate of Designations for Series C Preferred Stock, amending the certificate of incorporation"},"claim":"INNOVATE Corp.: Filed Certificate of Designations for Series C Preferred Stock, amending the certificate of incorporation (effective 2024-03-28).","evidence_excerpt":"On March 28, 2024, the Company amended its amended and restated certificate of incorporation by filing the Certificate of Designations of the Series C Preferred Stock (the “Series C Certificate of Designations”) with the Secretary of State of the State of Delaware on March 28, 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001006837-24-000038","anchor_url":"https://secwatch.observer/filing/0001006837-24-000038#claim-3cdffe1c8b778616ad8c3072aa32d6f55259c04c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000038/0001006837-24-000038-index.htm"}]}