• Smart Fit completed the acquisition of control of Evolve on Aug. 3, 2026 via subscription of new common shares for a 60% stake.
• Initial capital contribution set at BRL 39.7 million, with up to BRL 60 million more tied to contractual conditions and indexed to IPCA.
• Evolve operates 30 company-owned gyms, concentrated in Brazil’s Central-West region, mainly the Federal District; additional units are under construction.
• Final ownership may be adjusted based on Evolve’s net debt at closing, with no change to the stated capital contributions.
• Shareholders’ agreement includes governance terms and call and put options enabling Smart Fit to buy out minority shareholders over time.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartfit Escola de Ginástica e Dança SA published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.