INNOVATE CORP. Form 8-K

This Form 8-K details significant events for INNOVATE Corp. On August 28, 2026, the company entered into a Tenth Amendment to Credit Agreement with MSD PCOF Partners IX, LLC, extending the maturity date of their credit agreement to December 31, 2026. This amendment also introduces an 'Exit Fee' of 1.50% of the aggregate Revolving Credit Commitments. On September 1, 2026, INNOVATE Corp. completed the disposition of a controlling interest in its Broadcasting segment through a merger, resulting in HC2 Broadcasting Holdings Inc. being converted into HC2 Broadcasting Holdings LLC. A Limited Liability Company Agreement was subsequently established on September 2, 2026, outlining the management structure and rights of the parties involved, with CONX Broadcast Group, LLC appointing a majority of the board and HC2 Broadcasting Holdco, LLC (an indirect subsidiary of INNOVATE Corp.) having certain minority protections. The merger involved the conversion of HC2 Merger Sub, LLC into HC2 Broadcasting Holdings Inc., with CONX Corp. ultimately holding 75% of the surviving entity and the original HC2 shareholders receiving 25%. The company also announced the closing of this merger via press release on September 1, 2026.