EvoNext Moves Forward with Merger with Ascend Sport Technology AG

EvoNext Holdings SA has announced an Extraordinary General Meeting (EGM) scheduled on December 3, 2026, to approve a reverse takeover merger with Ascend Sport Technology AG. The merger aims to form a leading sports technology company listed on the SIX Swiss Exchange under the name Ascend Sport Technology AG. A key step includes the proposed placement of shares from December 7, 2026, with a price range between CHF 2.25 and CHF 2.75 per share. This offering is expected to raise up to CHF 220 million, mainly through secondary shares.

The merger is contingent on various approvals, including tax rulings and registration in the commercial register. Ascend Sport Technology AG brings together various businesses across the sports technology landscape, serving major entities like FIFA and UEFA. The new Board of Directors will feature members with substantial experience in capital markets and sports technology.

The merger process will culminate with the approval from both companies' general meetings and is set to complete by December 11, 2026, aiming for a strategic consolidation in the sports tech sector.