{"schema_version":"secwatch.filing_event.v1","accession":"0001006837-26-000135","form_type":"8-K","ticker":"VATE","cik":"0001006837","company_name":"INNOVATE Corp.","filed_at":"2026-11-13T21:54:45+00:00","discovered_at":"2026-11-13T21:56:07.703540+00:00","generated_at":"2026-11-13T21:56:16.890994+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"INNOVATE closes DBMG sale to IES for ~$413M total cash and 430,974 IES shares; redeems $325M notes","bullets":["INNOVATE closed the DBMG sale to IES on Oct. 5, 2026, receiving ~$378M cash plus 430,974 IES shares and a $35M tax-election payment, ~$413M total cash.","DBMG's $68.7M credit agreement was repaid and terminated; INNOVATE used $20.7M of DBMG proceeds to repay its MSD revolving line of credit.","INNOVATE redeemed $325.0M principal of its 10.50% 2027 senior secured notes on Oct. 15 for $332.0M total, including $7.0M accrued interest.","The Broadcasting disposition closed Sept. 1, 2026, via the CONX merger; INNOVATE retained a 25% interest valued at $54.3M plus a $3.3M purchase option.","The DBMG sale covered ~91.2% of DBMG shares; INNOVATE must apply remaining net proceeds to redeem its 2027 convertible notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001006837-26-000135","json":"https://secwatch.observer/filing/0001006837-26-000135.json","markdown":"https://secwatch.observer/filing/0001006837-26-000135.md","text":"https://secwatch.observer/filing/0001006837-26-000135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000135/0001006837-26-000135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000135/hchc-20261113.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-13T21:56:16.890994+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"}