{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-24-000006","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.070693+00:00","generated_at":"2026-06-05T14:11:37.538540+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"INNOVATE Corp. launches $19M rights offering for common stock, backstopped by Lancer Capital","bullets":["INNOVATE (NYSE: VATE) announces $19.0M rights offering; record date March 6, 2024, expiration March 25, 2024.","Lancer Capital LLC (Avram Glazer’s fund) backstops offering, will purchase up to $19.0M of Series C Convertible Preferred Stock.","Lancer also agrees to buy an additional $16.0M of Preferred Stock in a concurrent private placement.","Preferred Stock carries 8% accrued interest (due on redemption), convertible to common at subscription price subject to shareholder approval.","Company waives Tax Benefit Preservation Plan to allow rights holders to acquire 4.9% or more without triggering poison pill."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-24-000006","json":"https://secwatch.observer/filing/0001006837-24-000006.json","markdown":"https://secwatch.observer/filing/0001006837-24-000006.md","text":"https://secwatch.observer/filing/0001006837-24-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000006/0001006837-24-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000006/hchc-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T14:11:37.538540+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}