INNOVATE pays August note interest partly in kind, cutting cash outlay to USD 3.6 million

• Innovate entered supplemental indentures to allow February 1–July 31, 2026 interest on consenting Notes to be paid in kind.
• August 1, 2026 interest: 10.500% Senior Secured Notes due 2027 principal rises to $400.9 million; cash interest drops to $3.1 million from $19.9 million.
• August 1, 2026 interest: 9.5% Convertible Senior Secured Notes due 2027 principal rises to $58.9 million; cash interest falls to $0.5 million from $2.7 million.
• Consenting holders receive a 1.5% consent fee, paid in additional Notes; non-consenting holders continue to receive cash interest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovate Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001006837-26-000053), on August 03, 2026, and is solely responsible for the information contained therein.