SportsMap Tech Acquisition Corp. Receives Notice From Nasdaq Regarding Delayed Quarterly Report

May 27, 2022

SportsMap Tech Acquisition Corp. (NASDAQ: SMAPU, SMAP, SMAPW) (the “Company”) announced today that on May 25, 2022 it received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”) because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the “Form 10-Q”) and remains delinquent in filing its Annual Report on Form 10-K for the period ended December 31, 2021 (the “Form 10-K”) with the Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the Company’s securities on the Nasdaq Capital Market.

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