{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-26-000118","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2026-10-05T12:31:51+00:00","discovered_at":"2026-10-05T12:35:00.296893+00:00","generated_at":"2026-10-12T14:46:17.905896+00:00","sec_items":["1.01","2.01","1.02","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"INNOVATE completes $510M DBM Global sale to IES; gets ~$413M cash, 430,974 IESC shares, repays debt","bullets":["IES acquired 100% of DBMG; INNOVATE received ~$378M cash, 430,974 IES shares (~$146M) and $35M for a Section 338 tax election, totaling ~$413M cash at closing.","Repaid $20.7M revolving line with MSD PCOF Partners IX and DBMG repaid $68.7M under UMB Bank credit agreement; both terminated Oct 5, 2026.","Notice issued to redeem $325M principal of 10.500% Senior Secured Notes due 2027 on Oct 15, 2026 at 100% plus accrued interest.","Holders of all 9.500% Convertible Notes due 2027 consented to supplemental indenture requiring redemption 15 business days after lock-up ends; cash proceeds may not cover all debt.","Compensation Committee designated all equity awards as Replacement Awards; vesting accelerates only on Involuntary Termination within two years; Interim CEO Paul Voigt cited debt reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-26-000118","json":"https://secwatch.observer/filing/0001006837-26-000118.json","markdown":"https://secwatch.observer/filing/0001006837-26-000118.md","text":"https://secwatch.observer/filing/0001006837-26-000118.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000118/0001006837-26-000118-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000118/hchc-20261002.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:46:17.905896+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"}