EvoNext signs deal to merge with Ascend Sport Technology at CHF 2.50 per share valuation

Bitget2026/10/12 05:00

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EvoNext (SIX: EVE) signed a binding agreement to merge with Ascend Sport Technology, taking Ascend public on SIX.
Combined group will operate as Ascend Sport Technology, using EvoNext’s existing listing.
Deal terms value EvoNext at CHF 2.50 per share; Ascend equity valued at CHF 500 million.
Share placement planned at CHF 2.50 per share, mainly secondary shares with a smaller primary issuance to fund growth.
Closing targeted for Q4 2026, subject to shareholder votes at extraordinary general meetings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evonext Holdings SA published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2413784_en) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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EvoNext signs deal to merge with Ascend Sport Technology at CHF 2.50 per share valuation

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