Glazer & Lancer Capital Amend INNOVATE Corp. Filing

TL;DR

Glazer & Lancer Capital updated their INNOVATE Corp. filing on 6/21. Watch for changes.

AI Summary

On June 21, 2024, Avram Glazer and Lancer Capital LLC filed an SC 13D/A amendment regarding their holdings in INNOVATE Corp. The filing indicates a change in their beneficial ownership, though specific new dollar amounts or percentage changes were not detailed in the provided header information. This amendment updates previous filings concerning their stake in the company, formerly known as HC2 Holdings, Inc.

Why It Matters

This filing signals a potential shift in significant shareholder activity for INNOVATE Corp., which could influence the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty.

Key Players & Entities

• Avram Glazer (person) — Filer of SC 13D/A
• Lancer Capital LLC (company) — Filer of SC 13D/A
• INNOVATE Corp. (company) — Subject Company
• HC2 Holdings, Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $2,000,000 — uer”) issuable upon conversion of $2,000,000 principal amount of the Issuer’s

Filing Documents

• tm2417825d1_sc13da.htm (SC 13D/A) — 65KB
• tm2417825d1_ex1.htm (EX-99.1) — 5KB
• 0001104659-24-074029.txt ( ) — 72KB

. Interest in Securities of the Issuer

Item 5 . Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended and restated in its entirety

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a)As of the date hereof, Lancer beneficially owns directly 64,546,685 shares of Common Stock representing 49.27% of the Issuer’s Common Stock, the Trust beneficially owns 67,686,090 shares of Common Stock representing 51.67% of the Issuer's Common Stock, and Mr. Glazer beneficially owns 68,062,286 shares of Common Stock representing 51.96% of the Issuer's Common Stock, based upon 130,529,931 shares of Common Stock of the Issuer outstanding as of June 18, 2024. (b)The following sets forth, as of the date of this Statement, the aggregate number and percentage of Common Stock beneficially owned by each of the Reporting Persons, as well as the number of Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of. Reporting Person Amount beneficially owned Percent of class Sole power to vote or direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of Avram Glazer 68,062,286 0 68,062,286 0 68,062,286 0 Lancer Capital LLC 64,546,685 0 64,546,685 0 64,546,685 0 Avram Glazer Irrevocable Exempt Trust 67,686,090 0 67,686,090 0 67,686,090 0 Lancer is the record holder of 64,078,091 shares of Common Stock, the Trust is the record holder of 3,139,045 shares of Common Stock, and Mr. Glazer is the record holder of 376,196 shares of Common Stock. The Trust is the sole owner of Lancer, and in such capacity may be deemed to beneficially own the shares held of record by Lancer. Mr. Glazer is the Trustee of the Trust, and in such capacity may be deemed to beneficially own the shares held of record by the Trust and Lancer. (c) Lancer acquired 44,693,895 shares of Common Stock upon the conver

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits. Exhibit Number Description 1 Joint Filing Agreement by and between Avram Glazer, Lancer Capital LLC and Avram Glazer Irrevocable Exempt Trust dated June 21, 2024. CUSIP No. 404139107 13D Page 7 of 7 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date :June 21, 2024 Avram Glazer By: /s/ Avram Glazer Name: Avram Glazer Lancer Capital LLC By: /s/ Avram Glazer Name: Avram Glazer Title: President Avram Glazer Irrevocable Exempt Trust By: /s/ Avram Glazer Name: Avram Glazer Title: Trustee

View Full Filing

View this SC 13D/A filing on SEC EDGAR