INNOVATE Corp. — Director's Dealing 2020

Sep 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HC2 HOLDINGS, INC. (HCHC)
CIK: 0001006837
Period of Report: 2020-09-09

Reporting Person: GLAZER AVRAM A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-09	Investment Agreement	$2.27	P	10000	Acquired		Common Stock (4405286)	Indirect

Footnotes

F1: The Series B Non-Voting Participating Convertible Preferred Stock is convertible, subject to certain conditions, into Common Stock and has no expiration date.

F2: On September 9, 2020, Lancer Capital LLC ("Lancer") entered into an Investment Agreement with the Issuer, pursuant to which Lancer committed to purchase up to 10,000 shares of Series B Non-Voting Participating Convertible Preferred Stock (the "Series B Preferred") of Issuer at a price of $1,000 per share. The Series B Preferred is convertible, subject to certain conditions, into Common Stock of the Issuer at a conversion price of $2.27 per share.