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INNOVATE Corp. Announces Further Extension of Rights Offering Subscription Period

Retrieved on: 
Tuesday, April 9, 2024

NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subscription period for its rights offering to 5:00 p.m. Eastern Time on April 19, 2024, in order to allow stockholders and noteholders who are entitled to participate in the rights offering (holders of record of the Company’s common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and 2026 Convertible Notes as of 5:00 p.m. Eastern Time on March 6, 2024) additional time to participate.

Key Points: 
  • NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subscription period for its rights offering to 5:00 p.m. Eastern Time on April 19, 2024, in order to allow stockholders and noteholders who are entitled to participate in the rights offering (holders of record of the Company’s common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and 2026 Convertible Notes as of 5:00 p.m. Eastern Time on March 6, 2024) additional time to participate.
  • The rights offering was initially scheduled to expire at 5:00 p.m. Eastern Time on March 25, 2024 and the expiration date was previously extended until 5:00 p.m. Eastern Time on April 9, 2024.
  • The rights offering is being made pursuant to INNOVATE’s effective shelf registration statement on Form S-3, filed with the SEC on September 29, 2023 and declared effective on October 6, 2023, and a prospectus supplement containing the detailed terms of the rights offering originally filed with the SEC on March 8, 2024, as amended on March 23, 2024 and April 9, 2024.
  • The rights offering was made only by means of a prospectus and a related prospectus supplement, copies of which were distributed to all eligible rights holders as of the rights offering record date and may also be obtained free of charge at the website maintained by the SEC at www.sec.gov or by contacting the information agent for the rights offering.

INNOVATE Corp. Announces Extension of Rights Offering Subscription Period

Retrieved on: 
Monday, March 25, 2024

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subscription period for its rights offering to 5:00 p.m. Eastern Time on April 9, 2024, in order to allow stockholders and noteholders who are entitled to participate in the rights offering (holders of record of the Company’s common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and 2026 Convertible Notes as of 5:00 p.m. Eastern Time on March 6, 2024) additional time to participate.

Key Points: 
  • NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has extended the subscription period for its rights offering to 5:00 p.m. Eastern Time on April 9, 2024, in order to allow stockholders and noteholders who are entitled to participate in the rights offering (holders of record of the Company’s common stock, Series A-3 Preferred Stock, Series A-4 Preferred Stock and 2026 Convertible Notes as of 5:00 p.m. Eastern Time on March 6, 2024) additional time to participate.
  • The rights offering is being made pursuant to INNOVATE’s effective shelf registration statement on Form S-3, filed with the SEC on September 29, 2023 and declared effective on October 6, 2023, and a prospectus supplement containing the detailed terms of the rights offering filed with the SEC on March 8, 2024.
  • This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities (including without limitation the preferred stock issued and sold in the concurrent private placement), nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction.
  • The rights offering was made only by means of a prospectus and a related prospectus supplement, copies of which were distributed to all eligible rights holders as of the rights offering record date and may also be obtained free of charge at the website maintained by the SEC at www.sec.gov or by contacting the information agent for the rights offering.

PVH Corp. to Host Conference Call to Discuss Fourth Quarter and Year-End 2023 Earnings Results

Retrieved on: 
Monday, March 18, 2024

PVH Corp. (NYSE: PVH) today announced that it will release its fourth quarter and year-end 2023 earnings results on Monday, April 1, 2024, after the market closes.

Key Points: 
  • PVH Corp. (NYSE: PVH) today announced that it will release its fourth quarter and year-end 2023 earnings results on Monday, April 1, 2024, after the market closes.
  • PVH will sponsor a conference call on Tuesday, April 2, 2024, beginning at 9:00 A.M. Eastern Time, hosted by Stefan Larsson, Chief Executive Officer, and Zac Coughlin, Chief Financial Officer, to discuss the results.
  • A link will be available on the Company’s website, www.pvh.com , under the Investors section.
  • For those who are unable to listen to the live broadcast, the webcast replay will remain available after the call on PVH’s website for 12 months.

Instant Pot Brands™ Introduces New Leadership and New Company Name

Retrieved on: 
Monday, April 1, 2024

DOWNERS GROVE, Ill., April 1, 2024 /PRNewswire/ -- Instant Pot Brands, a leading designer, marketer and distributor of electric pressure cookers, air fryers and other small kitchen appliances globally, announced the appointment of four new senior executives to its leadership team: Chris Robins as Chief Executive Officer, Craig Carrigan as Chief Financial Officer, Lisa Kronish as Chief Human Resources Officer and Rudy Sumarli as Executive Vice President, Supply Chain and R&D. The appointments come in tandem with the Company's announcement that it has changed its name and will be doing business as Instant Pot Brands.

Key Points: 
  • The appointments come in tandem with the Company's announcement that it has changed its name and will be doing business as Instant Pot Brands.
  • "Chris, Craig, Lisa and Rudy's appointments are an exciting next step for Instant Pot Brands," said Rich Krause, Chairman of the Board of Directors.
  • "I am thrilled to join Instant Pot Brands, a Company with such a strong portfolio of products built on an iconic brand, with a dedicated team to match.
  • Instant Pot Brands' name change is a part of the Company's ongoing transformation following its separation from its former parent company, Instant Brands, in connection with Instant Brands' Chapter 11 process.

Calvin Klein launches new Calvin Klein Home campaign starring Camila Morrone

Retrieved on: 
Tuesday, March 19, 2024

NEW YORK, March 19, 2024 /PRNewswire/ -- Calvin Klein, which is owned by PVH Corp. [NYSE], today unveils the Calvin Klein Home Spring 2024 campaign starring Emmy Award-nominated actress Camila Morrone surrounded by the brand's latest home essentials.

Key Points: 
  • NEW YORK, March 19, 2024 /PRNewswire/ -- Calvin Klein, which is owned by PVH Corp. [NYSE], today unveils the Calvin Klein Home Spring 2024 campaign starring Emmy Award-nominated actress Camila Morrone surrounded by the brand's latest home essentials.
  • This is the first collection under Revman International, Calvin Klein's license partner for home accessories.
  • The images, captured by Annemarieke Van Drimmelen, reflect the refined comfort at the heart of the latest Calvin Klein Home collection.
  • The Calvin Klein Home Spring 2024 collection was designed with serenity and comfort in mind, taking inspiration from Calvin Klein's signature design codes for a collection of elegant, minimal home accessories rooted in the brand's distinctive aesthetic.

INNOVATE Corp. Announces Commencement of Rights Offering

Retrieved on: 
Friday, March 8, 2024

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • Lancer Capital will not be permitted to exercise or transfer any subscription rights received by it, or to acquire other rights, in the rights offering, which rights are required to be held by Lancer Capital until the expiration thereof.
  • For any questions or further information about the rights offering, please call Okapi Partners LLC, the information agent for the rights offering, at (855) 208-8902 (toll-free).
  • Neither the Company nor its Board of Directors has, or will, make any recommendation to stockholders regarding the exercise or sale of rights in the rights offering.

INNOVATE Corp. Announces Rights Offering Pricing

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has approved the pricing for its previously announced rights offering.

Key Points: 
  • NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that it has approved the pricing for its previously announced rights offering.
  • The Company expects to mail subscription rights certificates evidencing the rights and a copy of the prospectus supplement for the offering to record date stockholders beginning on March 8, 2024.
  • The rights offering will be made pursuant to INNOVATE’s effective shelf registration statement on Form S-3, filed with the SEC on September 29, 2023 and declared effective on October 6, 2023, and a prospectus supplement containing the detailed terms of the rights offering to be filed with the SEC.
  • The rights offering will be made only by means of a prospectus and a related prospectus supplement.

INNOVATE Corp. Announces Rights Offering for Common Stock

Retrieved on: 
Monday, February 26, 2024

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • The Company will distribute to each holder of the Company’s common stock as of March 6, 2024 (the “rights offering record date”), one transferable subscription right to purchase shares of the Company’s common stock at a price to be determined prior to commencement of the rights offering.
  • Holders of the Company’s existing preferred stock and convertible notes that are entitled to participate in dividend distributions to holders of the Company’s common stock will also be entitled to participate in the rights offering.
  • The Preferred Stock terms will include a liquidation preference junior to the Company’s existing preferred stock and equal to the Company’s common stock (other than a preference of $0.001 per share of Preferred Stock that will be paid to the holders of the Preferred Stock before any payment or distribution is made to the holders of the common stock).

Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign

Retrieved on: 
Friday, March 1, 2024

Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and Calvin Klein Fragrances, a division of Coty Inc. (NYSE: COTY), today unveil actor and musician Idris Elba and his wife, model and human rights activist Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE, the newest addition to the ETERNITY fragrance portfolio.

Key Points: 
  • Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. (NYSE: PVH), and Calvin Klein Fragrances, a division of Coty Inc. (NYSE: COTY), today unveil actor and musician Idris Elba and his wife, model and human rights activist Sabrina Elba as the faces of Calvin Klein ETERNITY AROMATIC ESSENCE, the newest addition to the ETERNITY fragrance portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20240301420936/en/
    Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign (Photo: Business Wire)
    Shot by Mert Alas, the campaign offers a fresh and impactful take on ETERNITY’s timeless dream of eternal love, capturing Idris and Sabrina in moments of intimacy set to a bespoke cover of “Fever” by FKA twigs.
  • CALVIN KLEIN ETERNITY AROMATIC ESSENCE FOR MEN and FOR WOMEN are elevated and bold aromatic fragrances, connected by a unique coconut note.
  • ETERNITY AROMATIC ESSENCE FOR MEN is a highly contrasted aromatic gourmand, crafted by principal perfumers Daphné Bugey and Frank Voelkl of Firmenich.

Spinnaker SCA Welcomes Rick Groth as Vice President of Applied SCM Technologies

Retrieved on: 
Monday, March 4, 2024

DENVER, March 4, 2024 /PRNewswire/ -- Spinnaker SCA, the leading supply chain consulting firm providing end-to-end supply chain strategy, planning and execution services, is pleased to announce Rick Groth as VP of Applied SCM Technologies.

Key Points: 
  • DENVER, March 4, 2024 /PRNewswire/ -- Spinnaker SCA, the leading supply chain consulting firm providing end-to-end supply chain strategy, planning and execution services, is pleased to announce Rick Groth as VP of Applied SCM Technologies.
  • Rick will help to lead the strategy and delivery of these technologies at Spinnaker SCA.
  • During this time, he has received multiple honors and patents for contributions to the field of supply chain optimization, applied technology, and predictive analytics.
  • "I am excited to join the Spinnaker SCA team to expand our Applied Supply Chain Management Technology capabilities," says Rick.