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Equity and Temporary Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Stock by Class
The Company’s preferred shares authorized, issued and outstanding consisted of the following:
December 31,
20242023
Preferred shares authorized, $0.001 par value
20,000,000 20,000,000 
Series A-3 shares issued and outstanding6,125 6,125 
Series A-4 shares issued and outstanding10,000 10,000 
Schedule of Cash, PIK and Special Cash Dividends
During the years ended December 31, 2024 and 2023, INNOVATE's Board of Directors (the "Board") declared cash dividends with respect to INNOVATE’s issued and outstanding Series A-3 Preferred Stock and Series A-4 Preferred Stock, as presented in the following tables (in millions):

2024
Declaration Date and Holders of Record DateMarch 31, 2024June 30, 2024September 30, 2024December 31, 2024
Payment DateApril 15, 2024July 15, 2024October 15, 2024January 15, 2025
Total Dividend$0.3 $0.3 $0.3 $0.3 

2023
Declaration Date and Holders of Record DateMarch 31, 2023June 30, 2023September 30, 2023December 31, 2023
Payment DateApril 17, 2023July 14, 2023October 13, 2023January 15, 2024
Total Dividend$0.3 $0.3 $0.3 $0.3 
The declared dividends and equivalent amounts paid during the year ended December 31, 2023, are presented in the following table (in millions):
Declaration Date and Holders of Record DateMarch 31, 2023May 9, 2023
Payment DateApril 17, 2023May 9, 2023
Total Dividend
$0.9 $0.4