SportsTek Acquisition today said it has extended the exclusivity period under a non-binding letter of intent with Metavisio (d/b/a Thomson Computing) to continue discussion of a potential merger. Metavisio is a French company specializing in building, marketing, and selling laptops. The company’s securities list on Euronext Growth in Paris.
The proposed transaction under consideration is based on an enterprise value of Metavisio of $140 million to $160 million, subject to due diligence. The exclusivity period for due diligence and the negotiation of a definitive agreement, as extended, will expire Dec. 9.
SportsTek raised $150 million in a February 2021 IPO. Read more.
