# EDGAR Filing Document

**Accession Number:** 0002048519
**File Stem:** 0001140361-26-022459
**Filing Date:** 2026-5
**Character Count:** 41112
**Document Hash:** dbc9099be509cbd6fafc1dfdbe6c25f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-022459.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001140361-26-022459

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**EFFECTIVENESS DATE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aebi Schmidt Holding AG
- **CENTRAL INDEX KEY:** 0002048519
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION MACHINERY & EQUIP [3531]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296119
- **FILM NUMBER:** 261009026

**BUSINESS ADDRESS:**
- **STREET 1:** SCHULSTRASSE 4
- **CITY:** FRAUENFELD
- **STATE:** V8
- **ZIP:** 8500
- **BUSINESS PHONE:** 41 (44) 308 5855

**MAIL ADDRESS:**
- **STREET 1:** SCHULSTRASSE 4
- **CITY:** FRAUENFELD
- **STATE:** V8
- **ZIP:** 8500

#### As filed with the Securities and Exchange Commission on May 21, 2026

#### Registration No. 333-

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, DC 20549

### FORM S-8

#### REGISTRATION STATEMENT

#### UNDER THE SECURITIES ACT OF 1933

## Aebi Schmidt Holding AG
(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **Switzerland** | **Not Applicable** |
| (State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |

---

Schulstrasse 4

#### Frauenfeld, Switzerland CH-8500
(Address of principal executive offices, including zip code)

#### Aebi Schmidt Equity Incentive Plan
(Full title of the plan)

#### Barend Fruithof

#### Group Chief Executive Officer

#### Schulstrasse 4

#### Frauenfeld, Switzerland CH-8500

#### +41 44-308-5800
(Name, address and telephone number of agent for service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | |
|:---|:---|
| Large accelerated filer ☐ | Accelerated filer ☐ |
| Non-accelerated filer ☑ | Smaller reporting company ☐ |
| Emerging growth company ☐ |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

#### PART II

#### INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

---

| | |
|:---|:---|
| **Item 3.**  | **Incorporation of Documents by Reference.** |

---

Aebi Schmidt Holding AG (the "***Registrant***") is subject to the informational and reporting requirements of Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), and, in accordance therewith, files reports, proxy statements and other information with the Securities and Exchange Commission (the "***Commission***"). The following documents have been filed by the Registrant with the Commission and are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's [Annual Report on Form 10-K for the year ended December 31, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/0002048519/000162828026019616/aebi-20251231.htm) (Commission File No. 001-42663), filed March
 19, 2026;

<br> (b) The Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (Commission File No. 001-42663), filed [May 14, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0002048519/000162828026034785/aebi-20260331.htm);

(c) The Registrant's Current Reports on Form 8-K (Commission File No. 001-42663), filed [February 24, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0002048519/000117184326001034/f8k_022326.htm) (only Item 5.02), [April 10, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0002048519/000114036126014254/ny20063963x775_8k.htm) and [May 21, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/2048519/000117184326003600/f8k_051926.htm); and

(d) The description of the Registrant's common stock, par value $1.00 per share (the "***Common Stock***"), contained in the Registrant's [Registration Statement on Form 8-A](https://www.sec.gov/Archives/edgar/data/2048519/000114036125020024/ef20049524_8a12b.htm) filed with the Commission on May 21, 2025, as amended by the description of the Common Stock contained in [Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/exhibit41descriptionofther.htm) to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2025 (Commission File No. 001-42663), filed March 19, 2026, and as amended by any subsequent amendment or report filed for the purpose of updating such description.

All documents filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement on Form S-8 (the "***Registration Statement***"), and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, will be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. Any statement contained in any document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as modified or superseded, to constitute a part of this Registration Statement.

---

| | |
|:---|:---|
| **Item 4.**  | **Description of Securities.** |

---

#### <br>
Not applicable.

---

| | |
|:---|:---|
| **Item 5.** | **Interests of Named Experts and Counsel.** |

---

#### &nbsp;&nbsp;&nbsp;&nbsp; <br>
Not applicable.

------

---

| | |
|:---|:---|
| **Item 6.** | **Indemnification of Directors and Officers.** |

---

#### <br>
Under the applicable laws of Switzerland, the liability of members of the board of directors of the Registrant (the "***Board***") or executive management cannot be limited in the articles of association. However, the general meeting of shareholders may discharge (release) the members of the Board or executive management from liability for their conduct to the extent the respective facts are known to shareholders. Such discharge is effective only with respect to claims of the company and of those shareholders who approved the discharge or who have since acquired their shares in full knowledge of the discharge. The right of the remaining shareholders to claim damages on behalf of the company expires twelve months after such resolution has been passed.

It is generally permissible under Swiss law to agree in a fiduciary agreement to hold a board member harmless for any liabilities that the board member is confronted with during his or her term of office, save for gross negligence, willful intent, contradictory action with regard to legitimate instructions, or in respect of the violation of certain corporate law duties. Swiss law permits the company or each board member or officer individually to purchase and maintain insurance for directors and officers. The coverage of such insurance depends on the individual insurance policy.

The Registrant's Amended Articles of Association provide that the Board may, to the extent permitted by law, indemnify members of the Board or executive management for any damages suffered through administrative or judicial proceedings, or settlements, in connection with their services for the Registrant, or provide advances on such amounts, or purchase insurance. Such indemnification, advances, and insurance shall not be considered compensation. In addition, the Registrant's organizational regulations provide that the Registrant will, to the extent permitted by law, indemnify current or former members of the Board and executive management for any damage suffered by them as a result of any threatened, pending or completed actions, claims or proceedings, or settlements thereof, in connection with their services as members of the executive bodies for the Registrant or any of the Registrant's subsidiaries, and to provide advances on such amounts (including advances on expenses reasonably incurred).

The Registrant intends to enter into customary indemnification agreements, either separately or through the applicable employment or other engagement agreements, with each of its directors and each member of the executive management.

Swiss law permits a company and each board member or officer individually to purchase and maintain insurance for directors and officers. The Registrant currently has, and anticipates maintaining, customary directors' and officers' insurance for its directors and officers.

---

| | |
|:---|:---|
| **Item 7.** | **Exemption from Registration Claimed.** |

---

#### &nbsp;&nbsp;&nbsp;&nbsp; <br>
Not applicable.

------

---

| | |
|:---|:---|
| **Item 8.** | **Exhibits.** |

---

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description</u> |
| [4.1](https://www.sec.gov/Archives/edgar/data/2048519/000117184326003600/exh_31.htm) | Amended Articles of Association (incorporated herein by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K (Commission File No. 001-42663) filed with the Commission on May 21, 2026) |
| 4.2 | [Organizational Regulations of the Registrant, effective as of July 1, 2025](https://www.sec.gov/Archives/edgar/data/2048519/000114036125024294/ny20051374x1_ex3-2.htm) (incorporated herein by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K (Commission File No. 001-42663) filed with the Commission on July 1, 2025) |
| 4.3 | [Description of the Registrant's Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934](https://www.sec.gov/Archives/edgar/data/2048519/000162828026019616/exhibit41descriptionofther.htm) (incorporated herein by reference to Exhibit 4.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2025 (Commission File No. 001-42663), filed March 19, 2026) |
| [4.4](https://www.sec.gov/Archives/edgar/data/2048519/000117184326003600/exh_101.htm) | Aebi Schmidt Equity Incentive Plan (incorporated herein by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K (Commission File No. 001-42663) filed with the Commission on May 21, 2026) |
| [5.1](ef20074419_ex5-1.htm) | Opinion of Bär & Karrer (filed herewith) |
| [23.1](ef20074419_ex23-1.htm) | Consent of Independent Registered Public Accounting Firm (PricewaterhouseCoopers AG) (filed herewith) |
| [23.2](ef20074419_ex5-1.htm) | Consent of Bär & Karrer AG (included in Exhibit 5.1) (filed herewith) |
| [24.1](#POWEROFATTORNEY) | Powers of Attorney (included on signature page of this Registration Statement) |
| [107](ef20074419_ex107.htm) | Calculation of Filing Fee Tables (filed herewith) |

---

---

| | |
|:---|:---|
| **Item 9.** | **Undertakings.** |

---

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the "***Securities Act***");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" or "Calculation of Registration Fee" table, as applicable, in the effective Registration Statement;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

*provided*, *however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

#### SIGNATURES

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Zurich, Switzerland, on this 21st day of May, 2026.

---

| | |
|:---|:---|
| **AEBI SCHMIDT HOLDING AG** | **AEBI SCHMIDT HOLDING AG** |
| By: | /s/ Barend Fruithof |
|  | Name: Barend Fruithof |
|  | Title: Group Chief Executive Officer |

---

#### <br>

------

#### POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each of the undersigned officers and directors of the Registrant hereby constitutes and appoints Barend Fruithof, Thomas Schenkirsch and Marco Portmann, or any of them, each acting alone, as the true and lawful attorney-in-fact or agent, or attorneys-in-fact or agents, for each of the undersigned, with full power of substitution and resubstitution, and in the name, place and stead of each of the undersigned, to execute and file any and all amendments, including post-effective amendments, supplements and exhibits to the Registration Statement and any and all applications or other documents to be filed with the Commission or any state securities commission or other regulatory authority or exchange with respect to the securities covered by the Registration Statement, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing necessary, appropriate or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he or she might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, and each of them, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.

---

| | |
|:---|:---|
| Date: May 21, 2026 | /s/ Barend Fruithof |
|  | Barend Fruithof |
|  | Group Chief Executive Officer (principal executive officer) and Chairman of the Board |
| Date: May 21, 2026 | /s/ Marco Portmann |
|  | Marco Portmann |
|  | Group Chief Financial Officer (principal financial officer) |

---

------

---

| | |
|:---|:---|
| Date: May 21, 2026 | /s/ Joel Meury |
|  | Joel Meury |
|  | Head Group Accounting (principal accounting officer) |
| Date: May 21, 2026 | /s/ Steffen Schewerda |
|  | Steffen Schewerda |
|  | Authorized Representative in the United States |
| Date: May 21, 2026 | /s/ Andreas Rickenbacher |
|  | Andreas Rickenbacher |
|  | Director |
| Date: May 21, 2026 | /s/ Angela Freeman |
|  | Angela Freeman |
|  | Director |
| Date: May 21, 2026 | /s/ Daniela Spuhler |
|  | Daniela Spuhler |
|  | Director |
| Date: May 21, 2026 | /s/ Martin Ritter |
|  | Martin Ritter |
|  | Director |
| Date: May 21, 2026 | /s/ Michael Dinkins |
|  | Michael Dinkins |
|  | Director |

---

------

---

| | |
|:---|:---|
| Date: May 21, 2026 | /s/ Patrick Schaub |
|  | Patrick Schaub |
|  | Director |
| Date: May 21, 2026 | /s/ Terri A. Pizzuto |
|  | Terri A. Pizzuto |
|  | Director |

---

------

## Exhibit 5.1

------

#### EXHIBIT 5.1

#### <br>

---

| | |
|:---|:---|
|  | ![](image00001.jpg) |
| <u>Postfach 1548 \| CH-8027 Zürich</u> |  |

---

---

| |
|:---|
| Aebi Schmidt Holding AG |
| Schulstrasse 4 |
| 8500 Frauenfeld |
| Switzerland |
| Zurich, 21 May 2026 |

---

#### Form S-8 Registration Statement

Dear Sir or Madam,

We have been asked to issue a legal opinion letter as special Swiss legal counsel to Aebi Schmidt Holding AG, Schulstrasse 4, 8500 Frauenfeld, Switzerland, a stock corporation (*Aktiengesellschaft*) incorporated under the laws of Switzerland with business identification number CHE-112.947.556 (the "**Company**") in connection with the registration statement on Form S-8 (the "**Registration Statement**"), being filed with the Securities and Exchange Commission (the "**Commission**") under the United States Securities Act of 1933, as amended (the "**Act**"), for the registration of common stock of the Company with a nominal value of USD 1.00 each (the "**Shares**") issuable in connection with the Aebi Schmidt Equity Incentive Plan, as approved by the Company's shareholders at the Company's general meeting of shareholders on 21 May 2026 (the "**Plan**").

The Registration Statement covers 3,500,000 Shares, subject to adjustments as set forth in section 4.2 of the Plan (the "**Registered Shares**"). You have instructed us (the "**Instructions**") that the Registered Shares will consist of either (i) Shares already validly issued before the date of this opinion that, to the extent permitted by applicable law, are lawfully held or acquired by the Company or by a direct or indirect wholly-owned subsidiary of the Company and have not been set for cancellation (the "**Treasury Shares**") or (ii) Shares to be issued by way of a capital increase out of the conditional capital of the Company (the "**New Shares**"), such conditional capital amounting to USD 38,700,000.00 consisting of 38,700,000 Shares at the date of this opinion (the "**Conditional Capital**").

All capitalized terms used in this legal opinion letter shall have the meaning as defined herein.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Bär & Karrer Ltd.**<br> Lawyers<br>| **Zurich**<br> Brandschenkestrasse 90<br> CH-8002 Zürich<br> Phone: +41 58 261 50 00<br> zuerich@baerkarrer.ch | **Geneva**<br> 12, quai de la Poste<br> CH-1211 Genève 3<br> Phone: +41 58 261 57 00<br> geneve@baerkarrer.ch | **Lugano**<br> Via Vegezzi 6<br> CH-6901 Lugano<br> Phone: +41 58 261 58 00<br> lugano@baerkarrer.ch | **Zug**<br> Baarerstrasse 8<br> CH-6302 Zug<br> Phone: +41 58 261 59 00<br> zug@baerkarrer.ch | **Basel**<br> Lange Gasse 47<br> CH-4052 Basel<br> Phone: +41 58 261 59 50<br> basel@baerkarrer.ch | **St. Moritz**<br> Via Maistra 2<br> CH-7500 St. Moritz<br> Phone: +41 58 261 50 90<br> st.moritz@baerkarrer.ch |
| **baerkarrer.ch** | **Zurich**<br> Brandschenkestrasse 90<br> CH-8002 Zürich<br> Phone: +41 58 261 50 00<br> zuerich@baerkarrer.ch | **Geneva**<br> 12, quai de la Poste<br> CH-1211 Genève 3<br> Phone: +41 58 261 57 00<br> geneve@baerkarrer.ch | **Lugano**<br> Via Vegezzi 6<br> CH-6901 Lugano<br> Phone: +41 58 261 58 00<br> lugano@baerkarrer.ch | **Zug**<br> Baarerstrasse 8<br> CH-6302 Zug<br> Phone: +41 58 261 59 00<br> zug@baerkarrer.ch | **Basel**<br> Lange Gasse 47<br> CH-4052 Basel<br> Phone: +41 58 261 59 50<br> basel@baerkarrer.ch | **St. Moritz**<br> Via Maistra 2<br> CH-7500 St. Moritz<br> Phone: +41 58 261 50 90<br> st.moritz@baerkarrer.ch |

---

------

Bär & Karrer 21 May 2026 2

**I** **Documents**

In arriving at the opinions expressed in section III below, we have exclusively reviewed and relied on the following documents (the documents referred to in this section I collectively the "**Documents**" and any individual document thereof a "**Document**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) an excerpt from the commercial register of the Canton of Thurgau, Switzerland, in relation to the Company, certified by said register to be up-to-date as of 21 May 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) a copy of the articles of association (*Statuten*) of the Company, certified by the commercial register of the Canton of Thurgau, Switzerland, to be up-to-date as deposited with such register as of
 21 May 2026 (the "**Articles** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) the Aebi Schmidt Equity Incentive Plan, as contained in Annex B of an electronic copy of the Company's invitation and proxy statement for the 2026 annual general meeting of shareholders of 21 May 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) an electronic copy of a confirmation by the Company dated 21 May 2026 on the amount of Conditional Capital of the Company.

No documents have been reviewed by us in connection with this legal opinion letter other than those listed above. Accordingly, our opinion is limited to the Documents and their legal implications under Swiss law.

**II** **Assumptions**

In arriving at the opinions expressed in section III below, we have assumed (without verification) cumulatively that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) the information set out in the Documents and in the Instructions is true, accurate, complete and up-to-date as of the date of this legal opinion letter and no changes have been made or will be made that should have been or should be
 reflected in the Documents as of the date of this legal opinion letter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) the Documents submitted to us as (hard or electronic) copies are complete and conform to the original document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) all Documents remain in full force and effect as of the date of this letter and have not been amended, revoked or affected by any action subsequent to their execution or taking (except as otherwise stated therein);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) all signatures and seals on any Document are genuine;

------

Bär & Karrer 21 May 2026 3

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) where a name is indicated (in print or in handwriting) next to a signature appearing on any Document, the signature has been affixed by the person whose name is indicated, and where no name is indicated (in print or in handwriting) next
 to a signature appearing on any Document, the relevant Documents have been duly signed by authorized signatories;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) the Company's board of directors has not, and will not, authorize the issuance of any other options that are to be sourced from Conditional Capital and that, together with the New Shares, exceed the amount of Conditional Capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) the Company's board of directors will not cancel the provisions on Conditional Capital from the Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) to the extent any authorizations, approvals, consents, licenses, exemptions or other requirements (collectively the "**Authorizations**") had or will have to be obtained outside Switzerland in
 connection with the re-use of the Treasury Shares and the issuance of the New Shares, such Authorizations have been obtained or fulfilled or will be obtained or fulfilled in due time, and have remained or will remain in full force and
 effect at all times through re-use of the Treasury Shares and the issuance of the New Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) the Company is not listed in Switzerland;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) to the extent agreements or documents have to be executed or any obligations have to be performed under applicable laws other than Swiss law or in any jurisdiction outside Switzerland, such execution or performance will not be illegal or
 unenforceable by virtue of the laws of such jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k) the Company will not pass a voluntary winding-up resolution, no petition will be presented or order made by a court for the winding-up, dissolution, bankruptcy or administration of the Company, and no receiver, trustee in bankruptcy,
 administrator or similar officer will have been appointed in relation to the Company or any of its assets or revenues between the date of this legal opinion letter and the date of the issuance of the New Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l) (i) there are no facts, circumstances or events not reflected in the Documents listed in section I above that would be relevant to our opinions expressed herein and (ii) none of the opinions expressed below will be affected by the laws
 (including, without limitation, the public policy) of any jurisdiction other than Switzerland.

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Bär & Karrer 21 May 2026 4

**III** **Opinion**

Based upon the foregoing, and subject to the qualifications and reliance limitations set out in sections IV and V below, we are of the opinion that under the laws of Switzerland as currently in force and interpreted:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) the Company is a stock corporation (*Aktiengesellschaft*) duly organized and validly existing under the laws of Switzerland, with corporate power and authority to conduct its business in accordance
 with its Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) the Treasury Shares are validly issued, fully paid in and non-assessable (i.e. no further contributions in respect thereof will be required to be made to the Company by the holders thereof, by reason only of their being such holders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) the Conditional Capital is validly included in the Articles and each of the New Shares (limited to a maximum of 38,700,000 Shares in total) will, upon

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) authorization and issuance of an option over such share in accordance with Swiss law, the Articles and applicable plan rules;

<br> (ii) exercise of a duly executed exercise notice relating to such option or award in accordance with Swiss law, the Articles and applicable plan rules; and

<br> (iii) payment of the issuance price (*Ausgabebetrag*) in respect of such share,

be validly issued, fully paid in and non-assessable (i.e. no further contributions in respect thereof will be required to be made to the Company by the holders thereof, by reason only of their being such holders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) insofar as Swiss law is concerned, all regulatory consents, authorizations, approvals and filings required to be obtained or made by the Company for the re-use of the Treasury Shares and the issuance (*Ausgabe*)
 of the New Shares have been obtained or made.

------

Bär & Karrer 21 May 2026 5

**IV** **Qualifications**

This legal opinion letter is subject to Swiss law. The opinions expressed herein are limited to the laws of Switzerland as in force and interpreted at the date hereof. Such laws and rules are subject to change. In the absence of explicit statutory law, we base our opinion solely on our independent professional judgment. We have made no investigation of the laws of any other jurisdiction as a basis for this opinion letter and do not express or imply any opinion thereon. The opinions herein are subject to the collection and bankruptcy, insolvency, reorganization or similar laws affecting the rights of creditors and secured parties in general, including, without limitation, provisions relating to voidable preferences as set forth in articles 285 et seq. of the Swiss Federal Debt Enforcement and Bankruptcy Act of 11 April 1889, as amended, laws or principles of general application (including, but not limited to, the abuse of rights (*Rechtsmissbrauch*), protection against excessive commitment, and the principle of good faith (*Grundsatz von Treu und Glauben*)), regulatory requirements generally applying to each Swiss Company, public policy considerations, as well as to the laws and rules of civil procedure and, as the case may be, arbitration rules applying to creditors or debtors and claimants and defendants generally. Other qualifications to which the opinions expressed herein are subject are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) in issuing this legal opinion letter, we relied solely on the Documents and were not instructed to, and did not, make any further independent search or due diligence; we do not opine as to any facts or
 circumstances occurring or coming to our attention subsequently to the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) our opinions expressed herein are limited solely to the laws of Switzerland and we express no opinion herein concerning the laws of any other jurisdiction, nor concerning any commercial, accounting,
 calculating, auditing, tax or other non-corporate law matter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) the New Shares will have to be registered with the commercial register of the Canton of Thurgau, which, however, is not a precondition to their issuance;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) we express no opinion herein as to the accuracy or completeness of the information set out in the Registration Statement or of the representations and warranties set out in the Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) in this legal opinion letter, Swiss legal concepts are expressed in English terms and not in any official Swiss language; these concepts may not be identical to the concepts described by the same English terms as they exist under the
 laws of other jurisdictions.

**V** **Reliance**

This legal opinion letter is addressed to the Company. We hereby consent to the filing of this legal opinion letter as an exhibit to the Registration Statement. In giving such consent, we do not admit or imply that we are in the category of persons whose consent is required under section 7 of the Act or the rules and regulations of the Commission issued thereunder.

This legal opinion letter is furnished by us, as special Swiss legal counsel to the Company, in connection with the filing of the Registration Statement. Without our prior consent, it may not be used by, copied by, circulated by, quoted by, referred to, or disclosed to any party or for any purpose, except for such filing or in connection with any reliance by investors on such filing pursuant to U.S. securities laws.

Any reliance on this opinion is limited to the legal situation existing at the date of this legal opinion letter, and we shall be under no obligation to advise you on or to amend this legal opinion letter to reflect any change in circumstances or applicable laws or regulations for any period after the date of issuance of this legal opinion letter.

------

Bär & Karrer 21 May 2026 6

This legal opinion letter shall be governed by and construed in accordance with the laws of Switzerland. This legal opinion letter may only be relied upon on the express condition that any issues of interpretation arising hereunder will be governed by the laws of Switzerland.

---

| |
|:---|
| Yours faithfully, |
| Bär & Karrer AG |
| /s/ Urs Kägi |
| Dr. Urs Kägi |

---

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## Exhibit 23.1

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#### EXHIBIT 23.1

#### CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Aebi Schmidt Holding AG of our report dated March 19, 2026 relating to the financial statements, which appears in Aebi Schmidt Holding AG's Annual Report on Form 10-K for the year ended December 31, 2025.

---

| |
|:---|
| /s/ PricewaterhouseCoopers AG |
| Zurich, Switzerland |
| May 21, 2026 |

---

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## Ex-Filing

?xml version='1.0' encoding='ASCII'?

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**Exhibit 107**

**CALCULATION OF FILING FEE TABLES**

**Form S-8**

(Form Type)

**Aebi Schmidt Holding AG**

(Exact Name of Registrant as Specified in its Charter)

**<u>Table 1: Newly Registered Securities</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered<sup>(1)(2)</sup>** | **Proposed Maximum Offering <br>Price Per Unit<sup>(3)</sup>** | **Maximum Aggregate<br>Offering Price<sup>(3)</sup>** | **Fee Rate** | &nbsp;&nbsp; **Amount of Registration Fee** |
| Equity | Common Stock, par value $1.00 | Other | 3500000 | $11.635 | $40722500 | $138.10 per $1 million | $5624 |
| &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** | &nbsp;&nbsp; **Total Offering Amounts** |  | $40722500 |  | $5624 |
| &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** | &nbsp;&nbsp; **Total Fee Offsets** |  |  |  | $0 |
| &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** | &nbsp;&nbsp; **Net Fee Due** |  |  |  | $5624 |

---

(1) Represents the number of shares of common stock, par value $1.00 per share ("Common Stock"), of Aebi Schmidt Holding AG (the "Registrant") being registered hereon under the Aebi Schmidt Equity Incentive Plan (the "Plan").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers such additional shares of Common Stock as may become available pursuant to any anti-dilution provisions of the Plan. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Estimated solely for calculating the amount of the registration fee, pursuant to paragraphs (c) and (h) of Rule 457 of the General Rules and Regulations under the Securities Act, on the basis of the average of the high and low sale prices of the Registrant's Common Stock on The Nasdaq Stock Market LLC on May 15, 2026, a date that is within five business days prior to filing. 

**<u>Table 2: Fee Offset Claims and Sources</u>**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Registrant or Filer Name** | **Form or Filing Type** | **File Number** | **Initial Filing Date** | **Filing Date** | **Fee Offset Claimed** | **Security Type Associated with Fee Offset Claimed** | &nbsp;&nbsp; **Security Title Associated with Fee Offset Claimed** | &nbsp;&nbsp; **Unsold Securities Associated with Fee Offset Claimed** | &nbsp;&nbsp; **Unsold Aggregate Offering Amount Associated with Fee Offset Claimed** | &nbsp;&nbsp; **Fee Paid with Fee Offset Source** |
| &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** | &nbsp;&nbsp; **Rule 457(p)** |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee Offset Claims  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fee Offset Sources  |  |  |  |  |  |  |  |  |  |  |  |

---

<br> The Registrant is not relying on Rule 457(p) under the Securities Act to offset any of the filing fee due with respect to the Registration Statement to which this exhibit relates, so no information is provided under this Table 2.

------

0.0001381 0002048519 EX-FILING FEES N/A 0002048519 2026-05-21 2026-05-21 0002048519 1 2026-05-21 2026-05-21 xbrli:shares iso4217:USD xbrli:shares iso4217:USD xbrli:pure