{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-25-000079","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.117901+00:00","generated_at":"2026-05-18T05:54:01.389017+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"INNOVATE launches $48.7M convertible exchange & $330M secured note exchange to extend debt maturities","bullets":["Exchange of $48.7M 7.5% Convertible Notes due 2026 for $51.1M 9.5% Convertible Notes due 2027, secured by second-priority lien.","Exchange offer for $330M 8.5% Senior Secured Notes due 2026 for new 10.5% Senior Secured Notes due Feb 2027; requires $150M asset sales.","Supporting noteholders (75.3% of existing secured notes) committed to tender; exchange offer condition requires 98% participation.","Agreements in principle to extend revolver to Sep 2026, CGIC note to Apr 2027 at 16% PIK, Spectrum notes to Sep 2026, R2 note to Aug 2026.","Early participation deadline July 30, 2025; early settlement expected Aug 4, final settlement Aug 15, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-25-000079","json":"https://secwatch.observer/filing/0001006837-25-000079.json","markdown":"https://secwatch.observer/filing/0001006837-25-000079.md","text":"https://secwatch.observer/filing/0001006837-25-000079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683725000079/0001006837-25-000079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683725000079/hchc-20250717.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:54:01.389017+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"}