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.

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 http://www.sec.gov.

About Metavisio

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.

Media contact

Sportstech Acquisition Corporation.
918-957-1086

Source: Sportstech Acquisition Corporation.

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