NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) — SportsTek Acquisition Corp. SPTK SPTKU and SPTKW), a Delaware company (“SportsTek” or the “Company”), today announced that it has extended the exclusivity period under its non-binding letter of intent with Metavisio (d/b/a Thomson Computing) (“Metavisio” ), a French company specializing in the construction, marketing and sale of laptop computers, whose shares are listed on Euronext Growth in Paris, in relation to a proposed merger of companies transaction (the “Proposed Transaction”). The Proposed Transaction is based on Metavisio’s enterprise value of $140 million to $160 million, however, such valuation is subject to due diligence by the company Metavisio. The exclusivity period for due diligence and negotiation of a definitive agreement, as extended, ends on December 31, December 2022. A binding commitment with respect to the proposed transaction by the company arises only on s the signing of a Definitive Agreement and only then in accordance with the terms set forth in the Definitive Agreement. There can be no assurance that the Company and Metavisio will enter into any definitive agreement with respect to the Proposed Transaction, or there can be no certainty as to the terms that will be contained in any such definitive agreement.

About SportsTek

SportsTek is a blank check corporation formed for the purpose of consummating a merger, capital exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. SportsTek’s strategy is to find a merger partner and drive long-term shareholder 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 Metavision

METAVISIO (THOMSON Computing) (ALTHO) is a French company specializing in the construction, marketing and sale of laptops, the shares of which are listed on the…