---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-24-000103"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:10:49.118201+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001006837-24-000103
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683724000103/0001006837-24-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683724000103/hchc-20240618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-24-000103
- JSON: https://secwatch.observer/filing/0001006837-24-000103.json
- Plain text: https://secwatch.observer/filing/0001006837-24-000103.txt

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