{"filing":{"accession_number":"0001006837-26-000076","cik":"0001006837","ticker":"VATE","company_name":"INNOVATE Corp.","form":"8-K","filing_date":"2026-08-10","report_date":"2026-08-07","primary_document":"hchc-20260807.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1006837/000100683726000076/hchc-20260807.htm"},"events":[{"id":26416,"run_id":24007,"accession_number":"0001006837-26-000076","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.97,"summary":"INNOVATE Corp. entered into a Transaction Agreement on August 7, 2026, to sell approximately 91.21% of DBM Global, Inc. to IES Holdings, Inc. for $650 million in aggregate consideration ($453 million cash and $140 million in IES common stock). The transaction is expected to close in Q4 2026, subject to customary closing conditions, with net proceeds to be used to reduce outstanding indebtedness.","company_name":"INNOVATE Corp.","ticker":"VATE","filing_date":"2026-08-10","form":"8-K","submitted_at":null,"items":[{"id":27533,"accession_number":"0001006837-26-000076","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"INNOVATE Corp. entered into a Transaction Agreement on August 7, 2026, to sell approximately 91.21% of DBM Global, Inc. to IES Holdings, Inc. for $650 million in aggregate base purchase consideration (consisting of $453 million in cash and 215,487 shares of IES common stock valued at $140 million). This is a material disposition of a significant subsidiary, with the company intending to use all net proceeds to reduce outstanding indebtedness. The transaction has been approved by boards of directors and is expected to close in Q4 2026, subject to customary closing conditions including HSR clearance and SEC approval of an information statement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-10T12:29:02.776336+00:00","company_name":"","ticker":null,"filing_date":""},{"id":27534,"accession_number":"0001006837-26-000076","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The Item 7.01 disclosure announces INNOVATE's entry into a Transaction Agreement for the sale of DBM Global Inc. to IES Holdings for $650 million in cash and stock consideration. The press release (Exhibit 99.1) explicitly states \"INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings\" and describes the transaction structure, consideration, and anticipated closing timeline. This is a material disposition of a subsidiary representing a significant capital event and strategic restructuring of the company's portfolio.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-10T12:29:02.776336+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":27533,"accession_number":"0001006837-26-000076","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"INNOVATE Corp. entered into a Transaction Agreement on August 7, 2026, to sell approximately 91.21% of DBM Global, Inc. to IES Holdings, Inc. for $650 million in aggregate base purchase consideration (consisting of $453 million in cash and 215,487 shares of IES common stock valued at $140 million). This is a material disposition of a significant subsidiary, with the company intending to use all net proceeds to reduce outstanding indebtedness. The transaction has been approved by boards of directors and is expected to close in Q4 2026, subject to customary closing conditions including HSR clearance and SEC approval of an information statement.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-10T12:29:02.776336+00:00","company_name":"INNOVATE Corp.","ticker":"VATE","filing_date":"2026-08-10"},{"id":27534,"accession_number":"0001006837-26-000076","item_number":"7.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The Item 7.01 disclosure announces INNOVATE's entry into a Transaction Agreement for the sale of DBM Global Inc. to IES Holdings for $650 million in cash and stock consideration. The press release (Exhibit 99.1) explicitly states \"INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings\" and describes the transaction structure, consideration, and anticipated closing timeline. This is a material disposition of a subsidiary representing a significant capital event and strategic restructuring of the company's portfolio.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-10T12:29:02.776336+00:00","company_name":"INNOVATE Corp.","ticker":"VATE","filing_date":"2026-08-10"}]}