{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-037912","form_type":"8-K","ticker":"OCTV","cik":"0002083632","company_name":"Octave Intelligence plc","filed_at":"2026-05-26T10:02:50+00:00","discovered_at":"2026-05-26T10:05:00.249333+00:00","generated_at":"2026-05-26T10:05:52.442919+00:00","sec_items":["1.01","2.03","4.01","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"confidence":"high","headline":"Octave Intelligence completes spin-off from Hexagon; draws $625M credit facility, changes auditor","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-037912","json":"https://secwatch.observer/filing/0001628280-26-037912.json","markdown":"https://secwatch.observer/filing/0001628280-26-037912.md","text":"https://secwatch.observer/filing/0001628280-26-037912.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2083632/000162828026037912/0001628280-26-037912-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2083632/000162828026037912/octaveintelligenceplcclosi.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T10:05:52.442919+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}