01:49 AM EST, 11/02/2026 (MT Newswires) -- EvoNext (EVE.SW) signed a deal to merge with Swiss sports technology holding company Ascend Sport Technology, according to a Monday release. The combined company will operate under the Ascend Sport Technology name and remain listed on the SIX Swiss Exchange. The company said that the transaction is subject to shareholder approval at its extraordinary general meeting on Dec. 3. Additionally, the company will conduct a share placement offer to raise up to 220 million francs after the merger concludes.

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