INNOVATE Corp. (VATE) AI Dilution Summary

Cash was $87,800,000 at 2026-06-30, against estimated monthly burn of $8,200,000. On 2026-10-05 the company received $413,000,000 net from the DBMG sale, which is asset-sale proceeds rather than a financing. It repaid the $20,700,000 revolving line the same day and gave notice of a $325,000,000 redemption of 10.50% Senior Secured Notes on 2026-10-15.