{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-24-000038","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.072941+00:00","generated_at":"2026-06-04T05:39:30.502866+00:00","sec_items":["3.02","5.03","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"INNOVATE Corp. raises $25M via Series C convertible preferred sale to Lancer Capital","bullets":["Issued 25,000 shares of Series C Non-Voting Convertible Preferred to Lancer Capital for $25M.","Buyer Lancer Capital is led by Chairman Avram A. Glazer; placement exempt under Section 4(a)(2).","Initial conversion price $0.70 per share; shares automatically convert upon stockholder approval.","Dividends equal to common dividends; redemption price $1,000 plus 8% annual after 6 years.","Company to seek stockholder approval for conversion at 2024 annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-24-000038","json":"https://secwatch.observer/filing/0001006837-24-000038.json","markdown":"https://secwatch.observer/filing/0001006837-24-000038.md","text":"https://secwatch.observer/filing/0001006837-24-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000038/0001006837-24-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000038/hchc-20240328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:39:30.502866+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":[{"claim_id":"3cdffe1c8b778616ad8c3072aa32d6f55259c04c","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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683724000038/0001006837-24-000038-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-28"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}