| | | | | |
Prospectus Supplement No. 10 (To Prospectus dated May 12, 2022) | Filed pursuant to Rule 424(b)(3) Registration No. 333-259514 |
This prospectus supplement updates, amends and supplements the prospectus dated May 12, 2022 (the “Prospectus”), which forms a part of our Registration Statement on Form S-1 (Registration No. 333-259514). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
This prospectus supplement is being filed to update, amend and supplement the information included in the Prospectus with the information contained in our Current Report on Form 8-K filed with the SEC on April 19, 2023, which is set forth below.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
On April 18, 2023, the closing price of our Class A Common Stock was $1.80 per share and the closing price of our public warrants was $0.24 per warrant.
Investing in our securities involves a high degree of risks. You should review carefully the risks and uncertainties described in the section titled “Risk Factors” beginning on page 7 of the Prospectus, and under similar headings in any amendments or supplements to the Prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is April 19, 2023
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 13, 2023
AgileThought, Inc.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | |
| Delaware | | 001-39157 | | 87-2302509 |
| (State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | |
222 W. Las Colinas Blvd. Suite 1650E, Irving, Texas | | (971) 501-1140 | | 75039 |
| (Address of Principal Executive Offices) | | (Registrant's telephone number, including area code) | | (Zip Code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Class A Common Stock, $0.0001 par value per share
| | AGIL | | NASDAQ Capital Market |
| Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share | | AGILW | | NASDAQ Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement.
As previously disclosed, AgileThought, Inc. (the “Company”) had certain defaults under the following agreements for which it sought forbearance:
•that certain Financing Agreement, dated as of May 27, 2022 (as amended to date, the “Financing Agreement”), by and among the Company and the other loan parties thereto (collectively, the “Financing Agreement Loan Parties”), the lenders thereunder (the “1L Lenders”), and Blue Torch Finance LLC, as administrative and collateral agent for such lenders (the “1L Agent”), and
•that certain Credit Agreement, dated as of November 22, 2021 (as amended to date, the “Credit Agreement” and, together with the Financing Agreement, collectively, the “Loan Agreements”), by and among the Company and the other loan parties thereto (collectively, the “Credit Agreement Loan Parties”), the lenders therein (the “2L Lenders”), GLAS AMERICAS LLC, as collateral agent (the “2L Collateral Agent”) and GLAS USA LLC, as administrative agent (the “2L Administrative Agent” and, together with the 1L Lenders, 1L Agent, 2L Lenders and 2L Collateral Agent, collectively, the ”Lender Parties”).
On April 18, 2023, the Company and the other Financing Agreement Loan Parties entered into a forbearance agreement regarding the Financing Agreement (the “Financing Forbearance Agreement”), and the Company and the other Credit Agreement Loan Parties entered into a forbearance agreement regarding the Credit Agreement (the “Credit Forbearance Agreement” and, together with the Financing Forbearance Agreement, the “Forbearance Agreements”). Pursuant to the Forbearance Agreements, the Lender Parties have agreed to forbear from accelerating their respective obligations and otherwise exercising any rights and remedies (other than certain limited remedies, such as continuing to accrue applicable default interest) under the Loan Agreements and the other Loan Documents (as defined in each Loan Agreement)] until May 10, 2023, or earlier in the event of non-compliance with certain representations, covenants and other requirements, all subject to the terms and conditions thereof.
The foregoing descriptions of the Financing Forbearance Agreement and the Credit Forbearance Agreement do not purport to be complete and are subject to and qualified in their entirety by reference to the complete text of each, a copy of each of which is being filed herewith as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.
Item 5.0.2. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 13, 2023, the Board of Directors (the “Board”) of the Company (a) increased the size of the Board from 11 to 12 directors, creating a vacancy in Class I of the Board, and (b) appointed Patrick Bartels to fill that vacancy. The term of Class I directors expires at the 2025 annual meeting of shareholders of the Company.
In addition, Mr. Bartels has been appointed as the independent manager of certain subsidiaries. The Company intends to enter into an agreement with Mr. Bartels pursuant to which, among other things, Mr. Bartels will be paid an aggregate of $35,000 per month for at least six months for his services as such.
Other than as disclosed herein, there are no arrangements or understandings between Mr. Bartels and any other person pursuant to which he was named a director of the Company and there is no transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibit(s).
| | | | | | | | |
| Exhibit Number | | Exhibit Description |
| 10.1 | | |
| 10.2 | | |
| 104 | | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 19, 2023
| | | | | | | | |
| AGILETHOUGHT, INC. |
| | |
| By: | /s/ Manuel Senderos |
| | Manuel Senderos |
| | Chief Executive Officer |
LIV Capital Acquisition (NASDAQ:LIVK)
Historical Stock Chart
From Oct 2024 to Nov 2024
LIV Capital Acquisition (NASDAQ:LIVK)
Historical Stock Chart
From Nov 2023 to Nov 2024
