AgileThought Raises $25M Via Equity Offering At 24% Discount

• AgileThought Inc (NASDAQ:AGIL) priced 3.6 million shares at $7 per share to raise $24.9 million in a secondary public offering.
• The offer price implies a 24% discount to AgileThought's December 21 closing price of $9.21.
• The underwriters have a 30-day option to purchase additional shares up to 0.53 million.
• AgileThought looks to use 60% of the net proceeds from the offering to repay a portion of its outstanding indebtedness. The remainder will serve general corporate purposes.
• AgileThought held $76.9 million in debt as of September 30.
• AgileThought is a global provider of digital transformation services, custom software development, and next-generation technologies.
• Price Action: AGIL shares traded lower by 25.6% at $6.85 in premarket on the last check Wednesday.