---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-26-000110"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2026-09-02T20:18:56+00:00"
generated_at: "2026-09-02T20:20:09.889338+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# INNOVATE closes sale of 75% controlling interest in Broadcasting segment to CONX

## Summary
- CONX acquires 75% of HC2 (Broadcasting segment); INNOVATE retains 25% stake, subject to post-closing adjustments.
- CONX commits up to $75M equity to HC2; ~$3.7M funded at closing, remainder payable later.
- $105M bridge loan and accrued interest extinguished at closing.
- INNOVATE holds 18-month option for additional 15% of HC2; CONX affiliate has 2-year option for up to 80.1% of HC2 equity.
- Tenth Amendment extends MSD credit agreement maturity to Dec 31, 2026.

## SEC filing metadata
- accession: 0001006837-26-000110
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2026-09-02T20:18:56+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683726000110/0001006837-26-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683726000110/hchc-20260828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-26-000110
- JSON: https://secwatch.observer/filing/0001006837-26-000110.json
- Plain text: https://secwatch.observer/filing/0001006837-26-000110.txt

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