INNOVATE Corp. Files 8-K Report

TL;DR

INNOVATE Corp. (formerly HC2 Holdings) filed an 8-K, mostly procedural stuff, check full doc for deets.

AI Summary

On April 9, 2024, INNOVATE Corp. filed an 8-K report. The filing primarily concerns other events and financial statements/exhibits, with no specific material events detailed in the provided text. The company was formerly known as HC2 Holdings, Inc. and PTGi HOLDING, INC. before name changes in 2016 and 2013 respectively.

Why It Matters

This 8-K filing indicates that INNOVATE Corp. is providing updates or submitting required financial documentation to the SEC. Investors should review the full filing for details on any significant business events or financial changes.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing notification and does not contain information about specific risks or material events.

Key Players & Entities

• INNOVATE Corp. (company) — Registrant
• HC2 HOLDINGS, INC. (company) — Former Company Name
• PTGi HOLDING, INC. (company) — Former Company Name
• April 9, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share VATE New York Stock Exchange
• $19.0 million — ration date of its previously announced $19.0 million common stock rights offering (the "Righ

Filing Documents

• hchc-20240409.htm (8-K) — 35KB
• a202404098-kxexh991.htm (EX-99.1) — 7KB
• innovateforproxya.jpg (GRAPHIC) — 17KB
• 0001006837-24-000044.txt ( ) — 239KB
• hchc-20240409.xsd (EX-101.SCH) — 3KB
• hchc-20240409_def.xml (EX-101.DEF) — 16KB
• hchc-20240409_lab.xml (EX-101.LAB) — 29KB
• hchc-20240409_pre.xml (EX-101.PRE) — 17KB
• hchc-20240409_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On April 9, 2024, INNOVATE Corp. (the "Company") extended the expiration date of its previously announced $19.0 million common stock rights offering (the "Rights Offering") to 5:00 p.m. Eastern Time on April 19, 2024. The Rights Offering was initially scheduled to expire at 5:00 p.m. Eastern Time on March 25, 2024 and the expiration date was previously extended until 5:00 p.m. Eastern Time on April 9, 2024. This further extension will allow stockholders and noteholders who are entitled to participate in the Rights Offering (holders of record of the Company's common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and 2026 Convertible Notes as of 5:00 p.m. Eastern Time on March 6, 2024) additional time to participate. A copy of the press release announcing the extension of the Rights Offering is attached hereto as Exhibit 99.1 and incorporated by reference herein. The Rights Offering is being made pursuant to the Company's Registration Statement on Form S-3 (File No. 333-274760) (the "Registration Statement"), filed with the Securities and Exchange Commission (the "SEC") on September 29, 2023, the prospectus forming a part of the Registration Statement and the prospectus supplement relating to the Rights Offering originally filed with the SEC on March 8, 2024, as amended on March 23, 2024 and April 9, 2024.

Forward Looking Statements

Forward Looking Statements This Current Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the rights offering, the timing thereof, the Company's ability to complete the rights offering on the expected terms or at all, and other information and statements that are not historical fact. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. All forward-looking statements speak only as of the date of this Current Report, and unless legally required, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to the Company's filings with the SEC, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, for additional information about the risks and uncertainties related to the Company's business that may affect the forward-looking statements made in this Current Report. Not a Solicitation This Current Report does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, and shall not constitute an offer, solicitation or sale, nor shall there be any sale of such securities of the Company in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 23.1 Press Release dated April 9 , 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 9, 2024 INNOVATE Corp. (Registrant) By: /s/ Michael J. Sena Name: Michael J. Sena Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR