Item 1.01 Entry into a Material Definitive Agreement.

On September 29, 2022, Computer Task Group, Incorporated, a New York corporation ("CTG"), entered into a Stock Purchase Agreement (the "Agreement") with Eleviant Technologies, Inc., a Texas corporation ("ETI"), pursuant to which CTG simultaneously acquired all of the issued and outstanding shares of ETI (the "Acquisition") for an aggregate purchase price of $18,600,000.00 U.S. Dollars, of which approximately $17,400,000 was paid in cash and the remainder of which was paid in CTG common stock equal to approximately $1,200,000.00, using the average trading price of CTG common stock in the ten (10) business days ending on September 26, 2022.

The Agreement contains customary representations, warranties and covenants of CTG and Company.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to, and should be read in conjunction with, the full text of the Agreement, which is filed as Exhibit 2.1 hereto and incorporated herein by reference.

Item 2.01 Completion of Acquisition of Disposition of Assets.

The information set forth under Item 1.01 above is incorporated by reference herein.




Item 8.01 Other Events.

On September 29, 2022, the Company issued a press release to announce the execution of the Agreement and the closing of the Acquisition. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number


               Description
2.1              Stock Purchase Agreement, dated as of September 29, 2022, by and
               between Computer Task Group, Incorporated and Eleviant Technologies,
               Inc.
99.1             Press Release, dated September 29, 2022.





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