on EvoNext Holdings SA (ETR:EVE)
EvoNext Holdings and Ascend Sport Technology Announce Merger
On October 12, 2026, EvoNext Holdings SA and Ascend Sport Technology AG revealed a merger agreement. Ascend, a Swiss sports technology firm, will become publicly listed on the SIX Swiss Exchange through its merger with EvoNext.
The merger values EvoNext at CHF 2.50 per share, while Ascend's equity is valued at CHF 500 million. Ascend is known for its AI-enabled monetisation, serving over 100 rightsholders globally.
The deal includes a share placement aimed at enhancing free float and fundraising for future growth. This initiative allows Ascend to expand its role in the digital transformation of sports media.
Subject to shareholder approval, the merger is expected to finalize in the fourth quarter of 2026. EvoNext's board supports the transaction, highlighting growth prospects in the global sports technology market.
R. E.
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