SPORTS VENTURES ACQUISITION CORP. : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits (form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On January 8, 2021, Sports Ventures Acquisition Corp. (the "Company") consummated its initial public offering ("IPO") of 23,000,000 units (the "Units"), including 3,000,000 Units issued pursuant to the exercise of the underwriters' over-allotment option in full. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the "Class A Ordinary Shares"), and one-third of one redeemable warrant of the Company ("Warrant"), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000.

In connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Company's Registration Statement on Form S-1 (File No. 333-249392) for the IPO, originally filed with the U.S. Securities and Exchange Commission (the "Commission") on October 9, 2020 (as amended, the "Registration Statement"):

? An Underwriting Agreement, dated January 5, 2021, by and between the Company

and Deutsche Bank Securities Inc., as representative of the several

underwriters, a copy of which is attached as Exhibit 1.1 hereto and

incorporated herein by reference.

? A Warrant Agreement, dated January 5, 2021, by and between the Company and

Continental Stock Transfer & Trust Company, as warrant agent, a copy of which

is attached as Exhibit 4.1 hereto and incorporated herein by reference.

? A Letter Agreement, dated January 5, 2021, by and among the Company, its

officers, its directors, its initial shareholders, and the Company's sponsor,

AKICV LLC (the "Sponsor"), a copy of which is attached as Exhibit 10.1 hereto

and incorporated herein by reference.

? An Investment Management Trust Agreement, dated January 5, 2021, by and between

the Company and Continental Stock Transfer & Trust Company, as trustee, a copy

of which is attached as Exhibit 10.2 hereto and incorporated herein by

   reference.

? A Registration Rights Agreement, dated January 5, 2021, by and among the

Company and certain security holders, a copy of which is attached as Exhibit

10.3 hereto and incorporated herein by reference.

? A Unit Subscription Agreement, dated January 5, 2021 (the "Unit Subscription

Agreement"), by and between the Company and the Sponsor, a copy of which is

attached as Exhibit 10.4 hereto and incorporated herein by reference.

? Administrative Services Agreement, dated January 5, 2021, by and between the

   Company and AKICV LLC.




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Item 3.02. Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, pursuant to the Unit Subscription Agreement, the Company completed the private sale of an aggregate of 660,000 Units (the "Private Placement Units") to the Sponsor at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $6,600,000. The Private Placement Units are identical to the Units sold in the IPO, except as otherwise disclosed in the Registration Statement. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.03. Amendments to Certificate of Incorporation or Bylaws; Change in Fiscal Year.

On January 5, 2021, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the "Amended and Restated Memorandum and Articles of Association") with the Cayman Islands General Registry, effective the same day. The terms of the Amended and Restated Memorandum and Articles of Association are set forth in the Registration Statement and are incorporated herein by reference. A copy of the Amended and Restated Memorandum and Articles of Association is attached as Exhibit 3.1 hereto and incorporated herein by reference.

Item 8.01. Other Events.

A total of $230,000,000, comprised of $225,400,000 of the proceeds from the IPO (which amount includes $8,050,000 of the underwriter's deferred discount) and $4,600,000 of the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with respect to interest earned on the funds in the trust account that may be released to the Company to pay its taxes, the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company's initial business combination, (ii) the redemption of any of the Company's public shares properly tendered in connection with a shareholder vote to amend the Amended and Restated Memorandum and Articles of Association to (A) modify the substance or timing of its obligation to allow redemption in connection with the Company's initial business combination or to redeem 100% of the Company's public shares if it does not complete its initial business combination within 24 months from the closing of the IPO or (B) with respect to any other provision relating to shareholders' rights or pre-business combination activity, and (iii) the redemption of the Company's public shares if it is unable to complete its initial business combination within 24 months from the closing of the IPO, subject to applicable law.

On January 5, 2021, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On January 8, 2021, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



                The following exhibits are being filed herewith:



Exhibit
No.       Description
1.1         Underwriting Agreement, dated January 5, 2021, by and between the
          Company and Deutsche Bank Securities Inc..
3.1         Amended and Restated Memorandum and Articles of Association.
4.1         Warrant Agreement, dated January 5, 2021, by and between the Company
          and Continental Stock Transfer & Trust Company, as warrant agent.
10.1        Letter Agreement, dated January 5, 2021, by and among the Company, its
          officers, directors, and AKICV LLC.
10.2        Investment Management Trust Agreement, January 5, 2021, by and between
          the Company and Continental Stock Transfer & Trust Company, as
          trustee.
10.3        Registration Rights Agreement, dated January 5, 2021, by and among the
          Company and certain security holders.
10.4        Unit Subscription Agreement, dated January 5, 2021, by and between the
          Company and AKICV LLC.
10.5        Registration Rights Agreement, dated January 5, 2021, by and among the
          Company and certain security holders.
10.6        Administrative Services Agreement, dated January 5, 2021, by and
          between the Company and AKICV LLC.
99.1        Press Release, dated January 5, 2021.
99.2        Press Release, dated January 8, 2021.




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