Item 7.01. Regulation FD Disclosure.
On October 14, 2022, SportsTek Acquisition Corp., a Delaware corporation (the
"Company"), Company issued a press release announcing that it has entered into a
non-binding letter of intent with Metavisio (d/b/a Thomson Computing)
("Metavisio"), a French company specializing in building, marketing, and selling
laptops, whose securities are listed on Euronext Growth in Paris, with respect
to a proposed business combination transaction (the "Proposed Transaction"). The
Proposed Transaction is based on an enterprise value of Metavisio of USD 140
million to USD 160 million; however, such valuation is subject to due diligence
by the Company of Metavisio. The non-binding letter of intent provides for an
exclusivity period for due diligence and the negotiation of a definitive
agreement, which period expires on November 9. 2022. A binding commitment with
respect to the Proposed Transaction by the Company will only result from the
execution of a definitive agreement and then only upon the terms and conditions
set forth in the definitive agreement. 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, there is no certainty of the terms
that will be contained in such definitive agreement.
The press release is attached as Exhibit 99.1 hereto and is incorporated herein
by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains certain forward-looking statements
within the meaning of the federal securities laws. These forward-looking
statements are generally identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan,"
"may," "should," "will," "would," "will be," "will continue," "will likely
result" and similar expressions, but the absence of these words does not mean
that a statement is not forward-looking. Forward-looking statements are
predictions, projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are subject to risks
and uncertainties.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit No. Description of Exhibits
99.1 Press Release dated October 14, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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