Octave Intelligence plc spin-off distribution dates set

Strategic TransactionvolatileImpact60

OCTVV Price

Stored market data

$17.48$0.00 (0.00%)

Previous close $17.48Latest volume 661.3K

Why It Matters

Current HEXAB holders gain a new tradable asset and face portfolio, pricing, liquidity, and potential tax effects from the spin‑off.

Summary

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Hexagon will distribute Octave Intelligence plc SDRs to HEXAB shareholders of record May 22, 2026 (1 SDR per 10 shares). Octave will trade when‑issued as OCTVV on May 21, 2026; SDRs convertible from May 25 and regular trading as OCTV expected May 28, 2026.

Score60

Score Rationale

volatile

Spin-off creates new tradable security and short-term price/liquidity shifts.

Bullish

HEXAB holders receive a free equity stake in a new listed company.
Spin‑off can unlock separate valuation for Octave versus Hexagon.
Octave as standalone may attract targeted investors and premium valuation.
SDR conversion to Class B shares gives holders optionality.

Bearish

HEXAB share price may fall roughly by the distributed value.
OCTV likely to have low initial liquidity and high spreads.
Recipients could face taxable distribution consequences.
Standalone Octave could trade down if market dislikes separation.

Key Evidence

Distribution ratio: 1 Octave SDR per 10 HEXAB shares.
Record date for distribution: May 22, 2026.
When‑issued trading (OCTVV) anticipated May 21, 2026.
Regular trading as OCTV anticipated May 28, 2026; conversion begins May 25.

What To Watch Next

HEXAB price reaction around the May 22 record and May 28 regular trading.
OCTV first‑week liquidity, spreads, and volume.
Rate of SDR conversions into Class B ordinary shares.
Tax guidance or broker instructions affecting holders.

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Original Article

Hexagon AB (HEXAB), which is listed on Nasdaq Stockholm, has announced a spin-off of Octave Intelligence plc to shareholders of record on May 22, 2026. Shareholders of HEXAB are entitled to receive one Octave Intelligence plc SDR (which represents one underlying Class B ordinary share) for every 10 shares held. Following the distribution of the SDRs, holders of Octave Intelligence plc SDRs may convert their SDRs into Class B ordinary shares beginning on May 25, 2026. The Class B ordinary shares are expected to list on the Nasdaq Global Select market on May 21, 2026, on a when issued basis, with regular way trading commencing on May 28, 2026. Details regarding the SDRs, and the terms, conditions, and instructions for conversion to Class B shares can be found in the Information Brochure in the Resource section of this notice. For details regarding the expected timetable for the Octave Intelligence plc SDRs (on Nasdaq Stockholm) and the Class B ordinary shares (on Nasdaq Global Select), please refer to the press release issued by Hexagon AB dated May 12, 2026.

The listing details for the when issued market are as follows:

Company/Issue:	Octave Intelligence plc Class B Ordinary Shares When Issued
Symbol:	OCTVV
CUSIP:	G22845104
Anticipated First Trade Date:	May 21, 2026

The first day of regular way trading is anticipated to be May 28, 2026. The details are as follows:

Company/Issue:	Octave Intelligence plc Class B Ordinary Shares
CUSIP:	G22845104
Current Symbol:	OCTVV
New Symbol:	OCTV
Anticipated Effective Date:	May 28, 2026
Settlement Date:	May 29, 2026

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in OCTV contact Nasdaq Trade Desk at +1 212 231 5100.