Octave, an enterprise software company with $1.6 billion in revenue and $1.1 billion in ARR, held an Investor Day ahead of its planned spin-off from Hexagon. The spin-off is expected to be completed by May 22, 2026, with trading on Nasdaq Stockholm and Nasdaq Stock Market beginning May 25-28, 2026. Octave outlined growth strategies targeting 6-8% ARR growth in 2026 and 10%+ mid-term, with a $28 billion serviceable addressable market expected to grow to over $40 billion by 2029.

Hexagon AB announced the unveiling of Octave, a new software brand resulting from a planned spin-off that combines Asset Lifecycle Intelligence, Safety, Infrastructure & Geospatial divisions, and Bricsys, ETQ, and Projectmates operations. Octave aims to help public and industrial sectors leverage data intelligence and AI-integrated applications across asset lifecycle management—from design and construction to operations and protection—to address complexity and uncertainty in critical infrastructure.

Halper Sadeh LLC is investigating potential violations of federal securities laws and/or breaches of fiduciary duties to shareholders related to the proposed sales of Sharecare, Avangrid, Squarespace, and Overseas Shipholding Group.

John Paulson’s 13F portfolio value remained steady at $4.35B this quarter. The top three positions are at 45% of the portfolio.

Saltchuk sent a non-binding offer to Overseas Shipholding to purchase the remaining shares they do not already own. Merger Arb appears attractive at current levels.

John Paulson’s 13F portfolio value increased from $3.85B to $4.35B this quarter. Their top three positions are at 45% of the entire 13F portfolio.

Companies Reporting Before The Bell • Cronos Group (NASDAQ:CRON) is likely to report earnings for its first quarter. • Eaton Vance Municipal (NYSE:ETX) is expected to report earnings for its first quarter. • Ocugen (NASDAQ:OCGN) is estimated to report quarterly earnings at $0.49 per share on revenue of $78.10 million. • Sprott (NYSE:SII) is expected to report quarterly earnings at $0.31 per share on revenue of $32.20 million. • Construction Partners (NASDAQ:ROAD) is projected to report quarterly earnings at $0.08 per share on revenue of $201.03 million. • Hudson Global (NASDAQ:HSON) is projected to report quarterly loss at $0.04 per share on revenue of $29.50 million. • Mednax (NYSE:MD) is estimated to report quarterly earnings at $0.13 per share on revenue of $424.13 million. • Cenovus Energy (NYSE:CVE) is expected to report quarterly loss at $0.02 per share on revenue of $3.57 billion. • Brookfield Property REIT (NASDAQ:BPYU) is estimated to report earnings for its first quarter. • Overseas Shipholding Gr (NYSE:OSG) is projected to report earnings for its first quarter. • Liberty Formula One Group (NASDAQ:FWONK) is estimated to report quarterly loss at $0.43 per share on revenue of $130.67 million. • Liberty SiriusXM Gr (NASDAQ:LSXMA) is estimated to report quarterly earnings at $0.67 per share on revenue of $1.98 billion. • AerSale (NASDAQ:ASLE) is estimated to report quarterly loss at $0.05 per share on revenue of $59.20 million. • TELUS International (NYSE:TIXT) is projected to report quarterly earnings at $0.20 per share on revenue of $500.30 million. • Enerplus (NYSE:ERF) is likely to report quarterly earnings at $0.14 per share on revenue of $169.20 million. • Gatos Silver (NYSE:GATO) is estimated to report earnings for its first quarter. • Liberty SiriusXM Gr (NASDAQ:LSXMK) is estimated to report quarterly earnings at $0.10 per share on revenue of $2.06 billion. • TC Energy (NYSE:TRP) is estimated to report quarterly earnings at $1.11 per share on revenue of $3.54 billion. • DraftKings (NASDAQ:DKNG) is expected to report quarterly loss at $0.41 per share on revenue of $230.68 million. • Liberty Formula One Group (NASDAQ:FWONA) is estimated to report quarterly loss at $0.41 per share on revenue of $130.67 million. • Nikola (NASDAQ:NKLA) is likely to report earnings for its first quarter. • Meridian Bioscience (NASDAQ:VIVO) is likely to report quarterly earnings at $0.48 per share on revenue of $84.48 million. • Northern Oil & Gas (AMEX:NOG) is projected to report quarterly earnings at $0.60 per share on revenue of $135.87 million. • Tecnoglass (NASDAQ:TGLS) is likely to report quarterly earnings at $0.22 per share on revenue of $98.39 million. • Spire (NYSE:SR) is estimated to report quarterly earnings at $3.08 per share on revenue of $773.16 million. • Plymouth Industrial REIT (NYSE:PLYM) is estimated to report quarterly loss at $0.25 per share on revenue of $30.58 million. • ModivCare (NASDAQ:MODV) is likely to report quarterly earnings at $1.60 per share on revenue of $483.06 million. • Marcus & Millichap (NYSE:MMI) is projected to report quarterly earnings at $0.19 per share on revenue of $172.61 million. • Hyatt Hotels (NYSE:H) is ...Full story available on Benzinga.com