07:11 AM EDT, 08/17/2026 (MT Newswires) -- Ascend Sport Technology is evaluating several strategic options, including a reverse merger with Switzerland-listed shell company EvoNext Holdings (EVE.SW), Bloomberg News reported Monday, citing unnamed sources. A potential reverse merger could value the Swiss sports marketing and technology company between 500 million francs and 600 million francs, the sources told Bloomberg, adding that a deal has not been finalized yet and plans remain subject to change. The company is also reportedly weighing other options, including selling minority stakes to private equity companies and seeking additional investments from existing minority shareholders. Ascend Sport and EvoNext did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.