secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATE Corp. (VATE)
CIK:        0001006837
Form:       8-K
Filed at:   2026-10-09T20:15:52+00:00
Accession:  0001006837-26-000121
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1006837/000100683726000121/0001006837-26-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1006837/000100683726000121/hchc-20261009.htm
  HTML page:      https://secwatch.observer/filing/0001006837-26-000121

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