01:59 AM EDT, 10/12/2026 (MT Newswires) -- Swiss sports technology holding company Ascend Sport Technology will go public after signing a binding agreement to merge into EvoNext Holdings (EVE.SW). The combined company will operate under Ascend's name and use EvoNext's existing listing on the SIX Swiss Exchange, according to a Monday release. The deal values EvoNext at 2.50 francs per share and Ascend's equity at 500 million francs. EvoNext will also place shares at 2.50 francs each. The transaction requires approval from the extraordinary general meetings of both companies and is scheduled to close in the fourth quarter of 2026.

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