12. Oct 2026
Description
(AWP Alliance News) - EvoNext (SIX: EVE) signed a binding agreement to merge with Ascend Sport Technology, taking Ascend public via EvoNext's existing SIX Swiss Exchange listing. EvoNext was valued at CHF 2.50 per share, implying an equity value of CHF 500 million for Ascend.
The combined group will operate as Ascend Sport Technology, positioning itself as a sports technology platform serving more than 100 rightsholders and over 500 brands and broadcasters across more than 20 countries. The deal includes a share placement priced at CHF 2.50 per share, mainly secondary shares with a smaller primary issuance to fund growth initiatives.
Closing is targeted for the fourth quarter of 2026, subject to shareholder votes and customary conditions.
https://www.publicnow.com/view/F9F711CD812A302F4498BB126ADDEFDF8EE6DE57…
Disclaimer: This news brief was created using generative artificial intelligence. Evonext Holdings SA published the original content used to generate this news brief via EQS News on October 12, 2026, and is solely responsible for the information contained therein.
