Aebi Schmidt completes merger with Shyft Group; combined sales ~$2B, NASDAQ listing starts July 2

Aebi Schmidt Holding AG

Merger closed July 1, 2025; each Shyft share converted into 1.040166432 Aebi Schmidt shares.
Combined company ‘Aebi Schmidt Group’ has ~$2B annual sales, 70+ locations worldwide (40 in US).
Shares trade on NASDAQ under AEBI (regular-way from July 2); when-issued AEBIV started July 1.
New $600M credit facilities closed: $350M term loan plus $250M revolver refinancing existing debt.
Board expanded with five former Shyft directors; James Sharman named Chair; Barend Fruithof remains CEO.

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