SportsTek Acquisition Corp. and Metavisio (d/b/a Thomson Computing) Further Extend Exclusivity Period for Discussions With Respect to a Business Combination

New York, December 09, 2022 (GLOBE NEWSWIRE) — Sportstech Acquisition Corporation. (NASDAQ: SPTK, SPTKU, and SPTKW), a Delaware Corporation (“Sportstech” or the “Company”), announced the extension of the exclusivity period pursuant to a non-binding letter of intent with MetaVisio (d/b/a Thomson Computing) (“MetaVisio”), a French company. In manufacturing, marketing and selling laptops listed on Euronext Growth Paris, in connection with a proposed business combination transaction (the “Proposed Transaction”). The proposed transaction is based on Metavisio’s enterprise value 140 million dollars until 160 million dollars; However, such valuation is subject to scrutiny by the Company of Metavisio. As extended, the exclusivity period shall expire pending the negotiation and conciliation of a definitive agreement December 31st. 2022. A binding commitment of the company in respect of the proposed transaction arises only from the execution of a definite contract and then only on the terms and conditions set out in the definite contract. There can be no assurance that the Company and Metavisio will enter into a definitive agreement with respect to the proposed transaction, or, if entered into, as to the terms contained in such definitive agreement.

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About SportsTek

SportsTek is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Sportstech’s strategy is to find a business combination partner and create long-term stockholder value through the collective experience of the company’s management team. For more information, you can access our public filings on the SEC’s website

About Metavisio

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Metavisio (Thomson Computing) (Altho) is a French company specializing in the manufacture, marketing and sale of laptops, whose securities are listed on Euronext Growth. Paris.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations or any change in events, conditions or circumstances upon which any statement is based.

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Media contact

Sportstech Acquisition Corporation.

Source: Sportstech Acquisition Corporation.

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