---
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"
generated_at: "2026-05-26T10:05:52.442919+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 4.01, 5.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-037912
- JSON: https://secwatch.observer/filing/0001628280-26-037912.json
- Plain text: https://secwatch.observer/filing/0001628280-26-037912.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.