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H.S. Hoops Star Mikey Williams Loses Deal With Sports Tech Co. ... Following Arrest

High school hoops star Mikey Williams has lost his partnership with a sports technology company, TMZ Sports has learned ... one month after he was arrested in Southern California.

As we previously reported, Williams -- who committed to play for the Memphis Tigers last November -- was jailed on April 13 after authorities alleged he was involved in a shooting near his San Diego County home in March.

Lace Clips, one of the first companies to ink the basketball player to a name, image and likeness deal, told us they will no longer work with Williams after the arrest.

"We are not continuing our partnership with Mikey Williams," said Jonathan Nussbaum, the president of Lace Clips.

Nussbaum also claims that Williams wasn't holding up his end of the bargain after they gave him a multiyear contract in 2022 ... adding that their relationship was deteriorating even before his arrest.

"He is not someone that will be associated with our brand going forward," Nussbaum said.

We're told Williams' partnership with the sports tech company -- which makes wearable smart activity trackers that attach to shoes -- will cease at the end of May.

As for the criminal case against the 4-star recruit from San Ysidro High School, he pleaded not guilty to the charges back on April 20 ... and is due back in court for a hearing on the matter in June.

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