INNOVATE Corp. amends 9.5% convertible notes indenture to require mandatory redemption after DBMG Sale lock-up

INNOVATE Corp.

Fourth Supplemental Indenture dated Oct. 9, 2026 amends the indenture for INNOVATE's 9.500% Convertible Senior Secured Notes due 2027, with U.S. Bank as trustee.
All outstanding notes must be redeemed on the 15th business day after the DBMG Sale lock-up period ends, at 100% of principal plus accrued and unpaid interest.
The lock-up expires earlier of Dec. 4, 2026 or when a resale registration statement for Buyer stock received in the DBMG Sale is declared effective.
The DBMG Sale is under an Aug. 7, 2026 Transaction Agreement with IES Holdings Inc., IES Merger Sub Inc. and DBM Global Intermediate Holdco Inc.; it is not a Fundamental Change.
Holders of all outstanding notes consented; the company will reimburse Gibson, Dunn & Crutcher LLP fees and provide indemnification to consenting holders.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.