Octave Intelligence Lists Class B Shares on Nasdaq New York
OCTV•Octave Intelligence plc completed its spin-off from Hexagon AB on May 22, 2026, and its Class B shares began trading on Nasdaq New York under the ticker OCTV. Shareholders received one Octave share per ten Hexagon shares, and Octave’s Swedish depository receipts started trading on Nasdaq Stockholm on May 25.
1. Spin-Off Completion and Nasdaq Listing
Octave Intelligence plc completed its spin-off from Hexagon AB on May 22, 2026, and its Class B shares commenced trading on Nasdaq New York under the ticker OCTV with ISIN IE0003YHD8K8 and CUSIP G22845104. This marks Octave’s first independent public listing following its separation from Hexagon.
2. Share Distribution to Hexagon Shareholders
At Hexagon’s Annual General Meeting on April 24, shareholders were allocated one Octave Class A share for every ten Series A shares and one Class B share for every ten Series B shares held, effective as of the May 22 record date.
3. SDR Trading and Conversion Mechanics
Octave’s Swedish depository receipts began trading on Nasdaq Stockholm under ticker OCTV SDB on May 25, 2026. Holders may convert SDRs into underlying Class B shares free of charge for the initial six months via the SEB SDR program and settlement systems, after which standard conversion fees apply.
4. Company Profile and Market Positioning
Octave delivers AI-driven, contextual intelligence solutions to over 60% of the Global Fortune 500 and critical infrastructure operators worldwide. The company employs approximately 7,200 staff across 45 countries and leverages 30 years of operational technology expertise to enhance performance, resilience and incident response.
