other material
confidence high
sentiment neutral
materiality 0.60
INNOVATE Corp. prices rights offering at $0.70 per share; subscription ratio 0.2858
INNOVATE Corp.
- Record date March 6, 2024; each share gets one right to buy 0.2858 shares at $0.70 per share.
- Rights offering expires March 25, 2024 at 5:00 PM ET, subject to extension.
- Holders of preferred stock and convertible notes entitled to dividend distributions also participate.
- Subscription rights certificates mailed starting March 8, 2024.