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INNOVATE Corp.
INNOVATE Corp. has entered into a supplemental indenture for its 9.5% Convertible Senior Secured Notes due 2027, mandating the redemption of all outstanding notes for cash at 100% of the principal amount plus accrued interest. This redemption will occur on the 15th business day following the expiration of the lock-up period related to the DBMG Global sale, which also confirms that the DBMG sale does not constitute a fundamental change requiring a separate repurchase offer.…more
INNOVATE Corp.
INNOVATE Corp. completed the sale of its 91.21% stake in DBM Global (DBMG) on October 5, 2026. The company received approximately $413 million in cash and 430,974 shares of IES Holdings common stock, which it intends to use to fully redeem its outstanding senior secured notes and convertible notes.…more
INNOVATE Corp.
Executive Paul Voigt of INNOVATE Corp. reported a change in beneficial ownership of securities effective September 15, 2026. This filing serves as the official disclosure of insider equity transactions via Form 4.…more
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INNOVATE Completes Sale of DBM Global to IES Holdings
INNOVATE has finalized the sale of DBM Global to IES Holdings, receiving approximately $413 million in cash and IES common stock. The company intends to use all net proceeds from the transaction to reduce its outstanding debt and strengthen its balance sheet.…more
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INNOVATE has finalized the sale of a controlling interest in its broadcasting subsidiary, HC2, to CONX Corp. The company aims to strengthen its balance sheet and capital structure through this transaction.…more
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INNOVATE's subsidiary, MediBeacon, has been nominated for the 2026 Prix Galien USA Best Medical Technology award for its kidney function assessment system. While this nomination highlights the company's technological innovation, it does not provide immediate financial impact.…more
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