EvoNext signs deal to merge with Ascend Sport Technology at CHF 2.50 per share valuation
Bitget2026/10/12 05:00- 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: 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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