INNOVATE shareholders approve reverse split, authorized shares increase; 44.7M shares converted

INNOVATE Corp.

Shareholders approved reverse stock split of common stock (69.5M for, 3.6M against).
Authorized common shares increased from 160M to 250M (63.1M for, 9.6M against).
Lancer Capital issued 31,286 Series C Preferred shares, converting into 44,693,895 common shares.
Conversion of Series C Preferred into common stock was also shareholder-approved (58.98M for).
Additional approvals: officer exculpation charter amendment and equity plan share increase.

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