---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-23-000003"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:14:23.371297+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# INNOVATE's HC2 Broadcasting extends $52.2M notes; NYSE compliance regained; Azteca pact terminated

## Summary
- HC2 Broadcasting extended $52.2M of senior secured notes due Dec 30, 2022 to May 31, 2024.
- Interest rate on $32.9M of notes increased from 10.50% to 11.45%; $17.5M accrued interest capitalized.
- Warrants on 145,825 shares amended: exercise price reduced from ~$135 to $0.01; expiration extended to H2 2026.
- Regained NYSE listing compliance as 30-day average closing price exceeded $1.00 as of Dec 30, 2022.
- Mutual release and termination of program licensing agreement with Azteca International and TV Azteca.

## SEC filing metadata
- accession: 0001006837-23-000003
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000003/0001006837-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000003/hchc-20221230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-23-000003
- JSON: https://secwatch.observer/filing/0001006837-23-000003.json
- Plain text: https://secwatch.observer/filing/0001006837-23-000003.txt

## Key facts
- Material Agreements
  INNOVATE Corp. entered into CGIC Letter Agreement with Continental General Insurance Company (effective 2022-12-30).
  - Action: entry
  - Counterparty: Continental General Insurance Company
  - Effective: 2022-12-30
  source text: On December 30, 2022, INNOVATE Corp. (the “Company”) entered into a letter agreement (the “CGIC Letter Agreement”) with Continental General Insurance Company (“CGIC”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006837/000100683723000003/0001006837-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.