VATE Overview

Dividend Announcement: INNOVATE Corp. announced that its subsidiary, DBM Global Inc., will pay a cash dividend of approximately $8.8 million, or $2.28 per share, to stockholders on November 10, 2025, with INNOVATE expecting to receive about $8 million of this payout.

Company Overview: INNOVATE Corp. operates in key sectors of the new economy, including Infrastructure, Life Sciences, and Spectrum, employing around 3,100 people across its subsidiaries, while DBM Global Inc. specializes in integrated steel construction services and operates internationally.

R2 Technologies Revenue Growth: R2 Technologies, a subsidiary of INNOVATE Corp., reported an 88% revenue increase in Q2 2025 compared to Q2 2024, driven by a 125% surge in global system sales, particularly in North America and significant growth in international markets.

Glacial Skin's Market Impact: The Glacial Skin technology is gaining traction in the aesthetics market, with a 115% increase in patient treatments and a notable rise in digital engagement, leading to increased brand awareness and market share.

Consumer Demand for Non-Invasive Treatments: The global non-invasive aesthetic market is projected to grow significantly, with Glacial Skin positioned to meet the rising consumer demand for effective, downtime-free skin treatments.

Strategic Positioning and Future Outlook: R2 Technologies emphasizes its commitment to delivering clinical efficacy and a wellness-first experience, aiming to lead the next wave of growth in the aesthetic wellness technology sector.

Debt Refinancing Announcement: INNOVATE Corp. has successfully closed a series of refinancing transactions that will exchange or amend 81.7% of its outstanding debt, extending maturities and issuing new senior secured and convertible notes.

Exchange Offer Details: The company initiated an exchange offer for its existing senior secured notes, allowing holders to exchange them for newly issued notes with higher interest rates, while also amending various credit agreements and subordinated notes to improve financial flexibility.

Exchange Offer Announcement: INNOVATE Corp. has reported early participation results for its exchange offer, allowing holders of its 8.5% Senior Secured Notes due 2026 to exchange them for newly issued 10.5% Senior Secured Notes due 2027, with a significant participation rate of 99.41%.

Settlement and Terms: The early settlement is expected on August 4, 2025, with the total early exchange consideration being $1,072.50 in principal amount of New Senior Secured Notes per $1,000 of Existing Senior Secured Notes accepted for exchange, while the expiration deadline for the offer is set for August 13, 2025.