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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
$ in Millions
Total
Total INNOVATE Stockholders' (Deficit) Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Comprehensive Income (Loss)
[2]
Non-controlling Interest
Temporary Equity
Beginning balance at Dec. 31, 2022                 $ 61.0
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Other                 9.0
DBMGi preferred stock repurchase                 (41.8)
Net (loss) income                 (5.9)
Ending balance at Dec. 31, 2023 $ 15.4               15.4
Beginning balance (in shares) at Dec. 31, 2022 [1]     7,878,800            
Beginning balance at Dec. 31, 2022 (90.6) $ (121.3) $ 0.0 $ 330.2 $ (5.3) $ (452.1) $ 5.9 $ 30.7  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 2.2 2.2   2.2          
Taxes paid in lieu of shares issued for share-based compensation (in shares) [1]     (6,000.0)            
Taxes paid in lieu of shares issued for share-based compensation (0.1) (0.1)     (0.1)        
Preferred stock dividends (1.3) (1.3)   (1.3)         (1.3)
Issuance of common stock (in shares) [1]     50,700            
Distributions to non-controlling interests (10.7) 0.0           (10.7) (5.2)
Transactions with non-controlling interests 0.1 (2.8)   (2.8)       2.9  
Other (9.0)             (9.0)  
Net (loss) income (33.0) (35.2)       (35.2)   2.2  
Other comprehensive income (loss) $ (9.3) (7.0)         (7.0) (2.3) (0.4)
Ending balance (in shares) at Dec. 31, 2023 7,923,500 [3]   7,923,500 [1]            
Ending balance at Dec. 31, 2023 $ (151.7) (165.5) $ 0.0 328.3 (5.4) (487.3) (1.1) 13.8  
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Issuance of preferred stock in private placement                 31.3
Net (loss) income                 (0.6)
Ending balance at Dec. 31, 2024 15.6               15.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 3.4 3.4   3.4          
Preferred stock dividends (1.2) (1.2)   (1.2)         (0.3)
Issuance of common stock (in shares) [1]     224,800            
Rights offering, net of transaction costs (in shares) [1]     530,600            
Rights offering, net of transaction costs 1.9 1.9   1.9          
Series C Preferred Share Conversion (in shares) [1]     4,469,400            
Series C Preferred Share Conversion 31.3 31.3   31.3         (31.3)
Reverse stock split (in shares) [1]     113,100            
Effect of Series D investment in R2 Technologies (1.1) (13.2)   (13.2)       12.1 $ 1.1
Distributions to non-controlling interests (0.3)             (0.3)  
Transactions with non-controlling interests (0.2) (0.4)   (0.4)       0.2  
Net (loss) income (39.1) (34.6)       (34.6)   (4.5)  
Other comprehensive income (loss) $ (2.3) (2.1)         (2.1) (0.2)  
Ending balance (in shares) at Dec. 31, 2024 13,261,379   13,261,400 [1]            
Ending balance at Dec. 31, 2024 $ (159.3) $ (180.4) $ 0.0 $ 350.1 $ (5.4) $ (521.9) $ (3.2) $ 21.1  
[1] The number and amount of shares and Additional Paid-in Capital as of December 31, 2022, and as of and for the year ended December 31, 2023, have been retroactively adjusted to reflect the 1-for-10 reverse stock split effected on August 8, 2024. Refer to Note 2. Summary of Significant Accounting Policies.
[2] Inclusive of other comprehensive loss, foreign currency cumulative translation adjustments totaled a loss of $4.5 million and $2.4 million as of December 31, 2024 and 2023, respectively.
[3] Common stock, Shares issued, Shares outstanding, Additional paid-in capital, and Treasury stock as of December 31, 2023, have been retroactively adjusted to reflect the 1-for-10 reverse stock split effected on August 8, 2024.