EvoNext and Ascend Sport Technology to merge

SIX-listed EvoNext Holdings and sports technology group Ascend signed a binding agreement for a statutory merger on 12 October 2026; Ascend thereby gains a listing and is to operate as Ascend Sport Technology AG. EvoNext is valued at CHF 2.50 per share and Ascend's equity at CHF 500m. Both extraordinary general meetings must approve, with completion planned for the fourth quarter of 2026 (EvoNext, ad hoc announcement, 12 Oct 2026). Update (2 Nov 2026): The two sides have signed the merger agreement; a share placement of up to CHF 220m is planned at an expected CHF 2.50 per share, after which existing EvoNext shareholders will hold about 3.8% of the combined company. EvoNext's extraordinary general meeting is scheduled for 3 December 2026 (EvoNext, ad hoc announcement).