INNOVATE Corp.
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See all $VATE insider activity →INNOVATE amended its 9.5% Convertible Senior Secured Notes due 2027, mandating redemption at 100% of principal plus accrued interest after the DBMG stock lock-up expires. The lock-up ends on Dec. 4, 2026, or earlier if a resale registration statement is effective. The amendment clarifies no repurchase offer is required, providing clarity on the notes' retirement.
INNOVATE Corp. (VATE) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement INNOVATE Corp., a Delaware corporation (the “Company”) has entered into a supplemental indenture (the “Supplemental Indenture”) to the indenture, dated August 4, 2025 (the “Indenture”), among the Company, certain subsidiary gua
Innovate Corp. (VATE) amended its convertible notes indenture, mandating redemption post-lockup. The company repaid $89.4M to terminate two credit facilities, reducing near-term debt. These actions follow the DBM Global transaction and aim to streamline its financial obligations.
Recent VATE coverage spans corporate actions and mergers & acquisitions.
The amendment clarifies redemption timing, potentially reducing uncertainty for noteholders and may affect the stock's credit perception.
Redemption of convertible notes could reduce outstanding debt but may also trigger share dilution if conversion occurs.
Debt reduction and note amendment improve balance sheet, likely supporting modest upside.
Vesting now only accelerates upon involuntary termination within two years, reducing upside for award holders.
Debt reduction improves balance sheet, likely supporting share price.
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INNOVATE amended its 9.5% Convertible Senior Secured Notes due 2027, mandating redemption at 100% of principal plus accrued interest after the DBMG stock lock-up expires. The lock-up ends on Dec. 4, 2026, or earlier if a resale registration statement is effective. The amendment clarifies no repurchase offer is required, providing clarity on the notes' retirement.
1 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement INNOVATE Corp., a Delaware corporation (the “Company”) has entered into a supplemental indenture (the “Supplemental Indenture”) to the indenture, dated August 4, 2025 (the “Indenture”), among the Company, certain subsidiary gua
1 min readInnovate Corp. (VATE) amended its convertible notes indenture, mandating redemption post-lockup. The company repaid $89.4M to terminate two credit facilities, reducing near-term debt. These actions follow the DBM Global transaction and aim to streamline its financial obligations.
1 min readInnovate Corp. (VATE) designated outstanding equity awards as Replacement Awards, preventing automatic vesting acceleration at the closing of a transaction. Vesting will now only accelerate upon involuntary termination within two years of closing, according to the company's SEC filing.
1 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 INNOVATE Completes Sale of DBM Global to IES Holdings NEW YORK, October 5, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE”) announced today that it has completed the previously announced sale of DBM Global, Inc. (“DBMG”) to IES Holdings, Inc. (Nasd
2 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX NEW YORK, September 2, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE” or the “Company”) announced today the successful closing of the previously a
2 min readIES Holdings (NASDAQ:IESC) agreed to acquire DBM Global from INNOVATE Corp. (NYSE:VATE) for $650M in cash and stock. IESC reported Q3 2026 revenue of $1.24B (+40% YoY) and net income of $153M (+98% YoY), while VATE's Q2 2026 revenue was $421.6M (+74% YoY) with net income of $10.4M. IESC is debt-free, while VATE plans to use proceeds to reduce debt.
3 min readIES Holdings (NASDAQ: IESC) agreed to acquire DBM Global Inc. from Innovate Corporation (NYSE: VATE) for about $650 million, including minority interests. The deal uses cash and IESC shares, with the cash funded via cash on hand and borrowings under an expanded Wells Fargo credit facility. DBM Global revenue was about $1.3 billion for the 12 months ended March 31, 2026. Closing is expected in the quarter ending Dec. 31, 2026.
2 min readIES Holdings (IESC) agreed to acquire DBM Global from INNOVATE (VATE) for about $650 million, including minority interests, paid with cash and IES common stock. IES plans to fund the cash portion via cash on hand and borrowings under an expanded Wells Fargo credit facility. DBM Global revenue was about $1.3 billion for the 12 months ended Mar. 31, 2026. Closing is expected in the quarter ending Dec. 31, 2026.
3 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings NEW YORK, August 10, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE”) announced today that it has entered into a Transaction Agreement (the “Agreement”) pursuant to which IES Holdin
3 min read
