Business · Companies · 2 hrs ago
Ascend plans SIX listing through merger with EvoNext
Ascend Sport Technology, a Swiss company that provides advertising and data services for professional sports, has agreed to merge with listed holding company EvoNext.
The combined company is planned to operate under the name Ascend Sport Technology AG and remain listed on the SIX Swiss Exchange in Switzerland.
Ascend says it serves more than 100 sports rights holders, including FIFA and UEFA, and more than 500 brands and broadcasters across over 20 countries.
The deal values EvoNext at 2.50 Swiss francs per share and Ascend’s equity at 500 million Swiss francs.
The companies plan to place shares, mainly existing ones, to create enough shares available for public trading, and issue a smaller number of new shares to fund future growth projects.
The transaction is expected to close in the fourth quarter of 2026, if shareholders of both companies approve it.
Ascend Sport Technology plans to list on the SIX Swiss Exchange through a merger with listed holding company EvoNext.
The companies have signed a binding agreement for the merger.
The combined company is expected to operate as Ascend Sport Technology AG and remain listed on the SIX.
The transaction is expected to close in the fourth quarter of 2026, subject to approval by both companies’ extraordinary general meetings.
EvoNext is valued at CHF 2.50 per share, while Ascend’s equity value is set at CHF 500 million.
- Who
- Ascend Sport Technology and listed holding company EvoNext.
- What
- They signed a binding merger agreement intended to bring Ascend to the SIX Swiss Exchange.
- When
- The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval.
- Where
- The SIX Swiss Exchange in Switzerland.
- Why
- The merger is intended to list Ascend on the SIX and create an adequate free float; some new shares are also planned to fund future growth projects.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Ascend Sport Technology and EvoNext announced that they had signed a binding transaction agreement for a merger.
The transaction is expected to close, subject to approval by both companies’ extraordinary general meetings.
- EvoNext valuation
- CHF 2.50 per share
- Ascend equity value
- CHF 500 million
- Planned placement price
- CHF 2.50 per share
- Expected closing
- Fourth quarter of 2026
- Ascend reach
- More than 100 rights holders and over 500 brands and broadcasters in more than 20 countries
Sources
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