Octave Intelligence completes spin-off from Hexagon; draws $625M credit facility, changes auditor

Octave Intelligence plc

Spin-off effective May 22, 2026: each Hexagon shareholder received 1 Octave share per 10 Hexagon shares.
Drew $625M from new credit facilities ($500M revolver, $350M term loan plus €150M) to fund cash payment to Hexagon.
Dismissed PricewaterhouseCoopers AB (Sweden) and appointed PwC US as auditor; two material weaknesses in internal controls disclosed.
Approved transaction bonuses: CEO Mattias Stenberg $950k, CFO Benjamin Maslen $800k, CLO Anthony Zana $800k, COO Scott Moore $300k.
Octave's B shares to trade on Nasdaq New York under ticker OCTV starting May 28; SDRs trade on Nasdaq Stockholm.

item 1.01 item 2.03 item 4.01 item 5.02 item 8.01 item 9.01

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accession 0001628280-26-037912

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