INNOVATE Corp. — fact timeline

INNOVATE Corp. shareholders approved Ratification of the appointment of BDO USA, P.C., as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-06-11 meeting.

“Proposal 4: Ratification of the appointment of BDO USA, P.C., as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 (“ Accounting Firm Proposal ”) The stockholders voted to ratify the appointment of BDO USA, P.C., as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.”

INNOVATE Corp. shareholders approved Approval of Amendment to Second Amended and Restated 2014 Omnibus Equity Award Plan to increase the number of shares of Common Stock available for issuance at the 2026-06-11 meeting.

“Proposal 3: Approval of Amendment to Second Amended and Restated 2014 Omnibus Equity Award Plan to increase the number of shares of Common Stock available for issuance thereunder (“ Second A&R 2014 Plan Proposal ”) The stockholders voted to approve an amendment to the Company’s Second Amended and Restated 2014 Omnibus Equity Award Plan to increase the number of shares of Common Stock available for issuance thereunder.”

INNOVATE Corp. shareholders approved Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers at the 2026-06-11 meeting.

“Proposal 2: Approval, on a non-binding, advisory basis, of the compensation of the Company's named executive officers (“ Say on Pay Vote ”) The stockholders voted to approve the non-binding, advisory proposal on the compensation of the Company’s named executive officers.”

INNOVATE Corp. shareholders approved Election of Directors - four nominees at the 2026-06-11 meeting.

“Proposal 1: Election of Directors The stockholders voted to elect the following four nominees as members of the Board of Directors of the Company, each to hold office until the Company’s 2027 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified.”

INNOVATE Corp. entered into New Loan Agreement with Merger Sub valued at $105 million (effective 2026-05-29).

“On May 29, 2026 (the “Loan Closing Date”), Broadcasting entered into a loan agreement (the “New Loan Agreement”), as borrower, with Merger Sub, as lender and HC2 Holdco and certain of Broadcasting’s subsidiaries, as guarantors.”

INNOVATE Corp. entered into Agreement and Plan of Merger with CONX Corp. (effective 2026-05-29).

“On May 29, 2026, HC2 Broadcasting Holdings Inc. (“Broadcasting”) and HC2 Broadcasting Holdco, LLC (“HC2 Holdco”), each an indirect wholly owned subsidiary of INNOVATE Corp., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with HC2 Merger Sub, LLC, a Delaware limited liability company (“Merger Sub”), and CONX Corp., a Nevada corporation (“CONX”), pursuant to which Merger Sub will merge with and into Broadcasting (the “Merger”), with Broadcasting surviving the Merger as a subsidiary of CONX (the “Surviving Entity”).”

INNOVATE Corp. incurred loan of aggregate principal amount of $105 million with HC2 Merger Sub, LLC at 8.00% per annum, payable quarterly in kind maturing first anniversary of the Loan Closing Date.

“On May 29, 2026 (the “Loan Closing Date”), Broadcasting entered into a loan agreement (the “New Loan Agreement”), as borrower, with Merger Sub, as lender and HC2 Holdco and certain of Broadcasting’s subsidiaries, as guarantors. The New Loan Agreement provides for a bridge loan facility in an aggregate principal amount of $105 million (the “Bridge Loan Facility”), to be funded in a single drawing on the Loan Closing Date.”

INNOVATE Corp. reported the three months ended March 31, 2026 results: revenue $364.8 million, net income $(17.2) million, EPS $(1.29).

“to gain support, but still waiting for FCC approvals. First Quarter 2026 Financial Highlights • Revenue: For the first quarter of 2026, INNOVATE's consolidated revenue was $364.8 million, an increase of 33.0%, compared to $274.2 million for the prior year quarter. The increase was driven primarily by our Infrastructure segment, which was partially offset by”

INNOVATE Corp. reported the fourth quarter and full year ended December 31, 2025 results: revenue $ 382.7, net income $ (7.8), EPS $(0.58).

“Summary (in millions, except per share amounts) Three Months Ended December 31, Year Ended December 31, 2025 2024 Increase / (Decrease) 2025 2024 Increase / (Decrease) Revenue $ 382.7 $ 236.6 61.7 % $ 1,246.0 $ 1,107.1 12.5 % Net loss attributable to common stockholders and participating preferred stockholders $ (7.8) $ (16.9) 53.8 % $ (64.0) $ (35.8) (78.8) %”

INNOVATE Corp. incurred credit facility of up to $220.0 million in the aggregate with UMB BANK, n.a. as Administrative Agent and the lenders at Term SOFR Rate plus 3.00% maturing May 20, 2030.

“The Credit Agreement provides DBMG with senior secured debt financing in an amount up to $220.0 million in the aggregate, consisting of (i) a senior secured revolving credit facility (the “Revolving Facility”) in an aggregate principal amount of $135.0 million and (ii) a senior secured term loan facility (the “Term Loan Facility”, and together with the Revolving Facility, collectively, the “Credit Facility”) in the amount of $85.0 million.”

INNOVATE Corp. reported the quarter ended March 31, 2024 results: revenue $315.2 million, net income $17.7 million, EPS $0.22 per fully diluted share.

“stockholders $ (0.22) $ (0.13) (69.2) % Total Adjusted EBITDA (1) $ 12.8 $ 4.9 161.2 % (1) Reconciliation of GAAP to Non-GAAP measures follows Commentary “INNOVATE delivered $315.2 million in revenue in the first quarter as the three business segments experienced a strong start to 2024,” said Avie Glazer, Chairman of INNOVATE. “Infrastructure's first quarter top”

INNOVATE Corp.: Filed Certificate of Designations for Series C Preferred Stock, amending the certificate of incorporation (effective 2024-03-28).

“On March 28, 2024, the Company amended its amended and restated certificate of incorporation by filing the Certificate of Designations of the Series C Preferred Stock (the “Series C Certificate of Designations”) with the Secretary of State of the State of Delaware on March 28, 2024.”

INNOVATE Corp. reported the fourth quarter and full year ended December 31, 2023 results: revenue $361.0 million, net income $(9.6) million, EPS $(0.12) per fully diluted share.

“compared to $2.5 million in the prior year quarter. 2 Fourth Quarter 2023 Financial Highlights • Revenue: For the fourth quarter of 2023, INNOVATE's consolidated revenue was $361.0 million, a decrease of 11.8%, compared to $409.3 million for the prior year quarter. The decrease was primarily driven by our Infrastructure segment, and, to a lesser extent, our”

INNOVATE Corp. reported third quarter 2023 results: revenue $375.3 million, net income Net loss attributable to common stockholders of $7.3 million, EPS $0.09 per fully diluted share.

“Adjusted EBITDA (1) $ 22.1 $ 16.4 34.8 % $ 43.5 $ 40.0 8.7 % (1) Reconciliation of GAAP to Non-GAAP measures follows Commentary “INNOVATE delivered third quarter revenue of $375.3 million and experienced strong Adjusted EBITDA growth of 34.8%, which was primarily driven by our Infrastructure and Life Sciences operating segments," said Avie Glazer, Chairman of”

Suzi Herbst resigned as Chief Operating Officer at INNOVATE Corp..

“On September 21, 2023, INNOVATE Corp. (the “Company”) and Ms. Suzi Herbst, the Company’s Chief Operating Officer, determined by mutual agreement that Ms. Herbst’s employment with the Company would cease on or around October 20, 2023.”

INNOVATE Corp. reported the three and six months ended June 30, 2023 results: revenue $368.8 million, net income $(10.5) million, EPS $(0.13) per fully diluted share.

“$ 16.5 $ 12.1 36.4 % $ 21.4 $ 23.6 (9.3) % (1) Reconciliation of GAAP to Non-GAAP measures follows Commentary “INNOVATE reported strong second quarter results with revenue of $368.8 million and adjusted EBITDA of $16.5 million, as our operating segments are capitalizing on attractive market opportunities," said Avie Glazer, Chairman of INNOVATE. “The strength in the”

Paul K. Voigt was named as Interim Chief Executive Officer at INNOVATE Corp..

“Paul K. Voigt was named Interim Chief Executive Officer of the Company, effective immediately.”

Suzi Herbst was appointed as Interim Chief Executive Officer at INNOVATE Corp..

“On July 23, 2023, Suzi Herbst, the Company’s Chief Operating Officer, was named Interim Chief Executive Officer, effective immediately following the unexpected death of Wayne Barr, the Company's President, Chief Executive Officer and Director.”

Wayne Barr departed as President, Chief Executive Officer and Director at INNOVATE Corp..

“the unexpected death of Wayne Barr, the Company's President, Chief Executive Officer and Director.”

INNOVATE Corp. shareholders approved Ratification of the appointment of BDO USA, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2023-06-15 meeting.

“The holders of the Company’s Common Stock and Preferred Stock, voting as a single class and with the Preferred Stock voting on an as-converted basis, voted to ratify the appointment of BDO USA, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023.”

INNOVATE Corp. shareholders approved Ratification of the amendment to the Tax Benefit Preservation Plan adopted by the Board on April 1, 2023 to extend the Final Expiration Date from October 1, 2023 to June 30, 2024 at the 2023-06-15 meeting.

“The holders of the Company’s Common Stock and Preferred Stock, voting as a single class and with the Preferred Stock voting on an as-converted basis, voted to ratify the amendment of the Tax Benefit Preservation Plan adopted by the Board of Directors on April 1, 2023 to extend the Final Expiration Date from October 1, 2023 to June 30, 2024, or such later date and time as may be subsequently approved”

INNOVATE Corp. shareholders approved Approval of Advisory Vote on the Compensation of the Company's Named Executive Officers (Say on Pay Vote) at the 2023-06-15 meeting.

“The holders of the Company’s Common Stock and Preferred Stock, voting as a single class and with the Preferred Stock voting on an as-converted basis, voted to approve the non-binding, advisory proposal on the compensation of the Company’s named executive officers.”

INNOVATE Corp. shareholders approved Election of Directors at the 2023-06-15 meeting.

“The holders of the shares of the Company’s Common Stock and Preferred Stock, voting as a single class and with the Preferred Stock voting on an as-converted basis, voted to elect the following five nominees as members of the Board of Directors of the Company, each to hold office until the Company’s 2024 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified.”

INNOVATE Corp. reported three months ended March 31, 2023 results: revenue $317.9 million, net income $(10.2) million, EPS $(0.13) per fully diluted share.

“to enhance patient outcomes. And at Spectrum, we continue to expect better profitability in that business once the new channels are at run rate." “We achieved revenue of $317.9 million and adjusted EBITDA of $4.9 million amid a difficult first quarter operating environment for our businesses,” said Wayne Barr, Jr., Chief Executive Officer of INNOVATE. “In”

INNOVATE Corp. reported Years Ended December 31, 2022 results: revenue $ 1,637.3, net income $ (40.8), EPS $ (0.53).

“Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %”

INNOVATE Corp. reported Three Months Ended December 31, 2022 results: revenue $ 409.3, net income $ (7.0), EPS $ (0.09).

“Revenue $ 409.3 $ 394.8 3.7 % $ 1,637.3 $ 1,205.2 35.9 % Net loss attributable to common stockholders $ (7.0) $ (5.2) (34.6) % $ (40.8) $ (229.7) 82.2 % Diluted loss per share - Net loss attributable to common stockholders $ (0.09) $ (0.07) (28.6) % $ (0.53) $ (2.98) 82.2 %”

INNOVATE Corp. entered into CGIC Letter Agreement with Continental General Insurance Company (effective 2022-12-30).

“On December 30, 2022, INNOVATE Corp. (the “Company”) entered into a letter agreement (the “CGIC Letter Agreement”) with Continental General Insurance Company (“CGIC”)”

INNOVATE Corp. reported three and nine months ended September 30, 2022 results: revenue $423.0 million, net income Net loss attributable to common stock and participating preferred stockholders of $6.6 million, EPS $0.09 per fully diluted share.

“million in the prior year quarter. 2 Third Quarter Financial Highlights • Revenue: For the third quarter of 2022, INNOVATE's consolidated revenue from continuing operations was $423.0 million, an increase of 7.1% compared to $394.8 million for the prior year quarter. The increase in revenue was due to contributions from the Company’s Infrastructure segment. REVENUE by”

INNOVATE Corp. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

“October 27, 2022, INNOVATE Corp. (the “Company”) received a written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”), as the average closing price of the Company’s common stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. The Notice has no immediate impact on the listing of the Company’s Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued”

Joseph Ferraro was terminated as Chief Legal Officer at INNOVATE Corp..

“On September 13, 2022, INNOVATE Corp. (the “Company”) and Joseph Ferraro entered into a Separation and Release Agreement which provides that Mr. Ferraro’s employment will terminate on October 14, 2022, in connection with the Company’s decision to eliminate the Chief Legal Officer position at the Company as of September 14, 2022.”

Amy Wilkinson was appointed as Director at INNOVATE Corp..

“On August 2, 2022, the Board of Directors (the “Board”) of INNOVATE Corp. (the “Company”) appointed Amy Wilkinson as a director to fill the remaining vacancy on the Board, effective immediately.”

Amy Wilkinson was appointed as Director at INNOVATE Corp..

“On August 2, 2022, the Board of Directors (the “Board”) of INNOVATE Corp. (the “Company”) appointed Amy Wilkinson as a director to fill the remaining vacancy on the Board, effective immediately.”

Brian Goldstein was appointed as Director at INNOVATE Corp..

“On June 28, 2022, the Board appointed Brian Goldstein as a director to fill one of the vacancies on the Board”

Kenneth S. Courtis resigned as Director at INNOVATE Corp..

“Each of Mr. Gorzynski, Ms. Lombard and Mr. Courtis also irrevocably tendered his or her resignation as a director of the Board”

Shelly C. Lombard resigned as Director at INNOVATE Corp..

“Each of Mr. Gorzynski, Ms. Lombard and Mr. Courtis also irrevocably tendered his or her resignation as a director of the Board”

Michael Gorzynski resigned as Director at INNOVATE Corp..

“Each of Mr. Gorzynski, Ms. Lombard and Mr. Courtis also irrevocably tendered his or her resignation as a director of the Board”

Suzi Raftery Herbst changed role as Chief Operating Officer at INNOVATE Corp..

“Effective February 9, 2022, the Board of Directors of INNOVATE Corp. (the “Company”) promoted Suzi Raftery Herbst, currently Chief Administrative Officer, to Chief Operating Officer of the Company.”