#Sweden #Stockholm #SaaS #Hexagon #Octave Intelligence

Hexagon's Strategic Spin-Off: A New Era for Octave Intelligence

In a recent announcement, Hexagon revealed the registration of its upcoming spin-off company, Octave Intelligence Limited. This decision marks a pivotal moment in Hexagon's evolution, aiming to establish Octave as a focused, independent software entity dedicated to operational excellence across various critical sectors.

The spin-off, a well-considered strategic move, endeavors to help Octave specialize in providing software and Software as a Service (SaaS) solutions tailored for mission-critical environments. According to the details shared, the Registration Statement was filed with the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934, providing transparency regarding Octave's operational structure, estimated financial metrics, and anticipated performance.

Understanding the Registration Statement
The filed Registration Statement offers a comprehensive overview of Octave’s business model, its management team, and the consolidated financial summaries from Hexagon's historical data. Notably, these financial figures utilize a 'transaction perimeter approach', serving to present a clearer picture of Octave’s financial standing post-separation. This ensures that potential investors are informed about Octave's financial outlook and associated operational costs.

Investors are encouraged to review the registration documents available at www.sec.gov, where they can scrutinize the specifics concerning the spin-off's implications. An important note for interested parties is the distinction between Octave's historical financial representations and Hexagon's existing segment reporting. The registration document employs U.S. GAAP standards as opposed to IFRS, and includes a pro-forma reallocation of certain historical costs to Octave, establishing a baseline for its independent financial identity.

Future Trading and Compliance
Hexagon anticipates that the completion of this spin-off will position Octave for trading on the Nasdaq Global Select Market in New York and Nasdaq Stockholm, with shares expected to begin trading in late Q2 of 2026. However, the successful execution of the spin-off hinges upon various factors, including market conditions, regulatory approvals, and decisions by Hexagon’s Board of Directors as well as shareholder consent.

As updates evolve regarding this corporate restructure, stakeholders and potential investors are invited to stay informed through official communications from Hexagon.

Contact Information for Inquiries
For additional inquiries, interested individuals can reach out to:

• - Elizabeth Chwalk, VP of Investor Relations at Octave: +1 401 749 - 0278
• - Tom Hull, Head of Investor Relations at Hexagon: +44 7442 678 437
• - Anton Heikenström, Investor Relations Manager at Hexagon: +46 8 601 26 26

In conclusion, the spin-off of Octave Intelligence Limited is poised to reshape its operational capabilities, positioning it as a player focused on delivering innovative software solutions tailored for essential sectors. Such strategy not only elevates operational parameters but also aligns with Hexagon's broader vision of enhancing industry functionality and responsiveness in a rapidly evolving market landscape.