11:47 PM EDT, 08/17/2026 (MT Newswires) -- EvoNext Holdings (EVE.SW) on Monday confirmed advanced discussions for a potential reverse merger with sports technology company Ascend Sport Technology. The Switzerland-listed shell company is expected to be valued at 2.50 francs per share under the transaction, which will pave the way for Ascend Sport's listing on the SIX Swiss Exchange. EvoNext cautioned that the transaction is not guaranteed, with talks still ongoing.

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