---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-063023"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2024-03-08T23:59:59+00:00"
generated_at: "2026-06-05T00:20:06.554109+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# INNOVATE Corp. launches $19M common stock rights offering at $0.70 per share

## Summary
- Rights offering of up to $19.0M of common stock at $0.70/share; subscription period March 8-25, 2024.
- Eligible holders: record holders of common, Series A-3/A-4 preferred, and 7.5% Convertible Notes due 2026 as of March 6.
- Each right entitles purchase of 0.2858 shares; oversubscription privilege available for unsubscribed shares.
- Rights transferable but not listed on NYSE; Jefferies LLC earns $750K dealer manager fee.
- Proceeds expected for general corporate purposes; the offering is not a solicitation in restricted jurisdictions.

## SEC filing metadata
- accession: 0001193125-24-063023
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2024-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000119312524063023/0001193125-24-063023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000119312524063023/d781931d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-063023
- JSON: https://secwatch.observer/filing/0001193125-24-063023.json
- Plain text: https://secwatch.observer/filing/0001193125-24-063023.txt

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