Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
23 November 2022 - 08:08AM
Edgar (US Regulatory)
|
|
|
|
|
|
Prospectus Supplement No. 4
(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 November 22, 2022, 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 November 21, 2022, the closing price of our Class A Common Stock
was $3.89 per share and the closing price of our public warrants
was $0.46 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 November 22,
2022
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): November 18,
2022
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
On November 18, 2022, AgileThought, Inc. (the “Company”) entered
into a letter agreement (the “Letter Agreement”) with entities
affiliated with Credit Suisse, as the Tranche A lenders (the “CS
Lenders”) under the Company’s Second Lien Facility. The Letter
Agreement changes the conversion price at which the CS Lenders may
convert their outstanding loans, interest and fees into the
Company’s Class A Common Stock to
the closing price of one share of our Class A Common Stock on the
trading day immediately prior to the conversion date, subject to a
floor price of $4.64 per share. The conversion price was previously
set at $4.64 per share. The Letter Agreement does not change any of
the other terms and conditions of the Second Lien
Facility.
The foregoing description of the Letter Agreement does not
constitute a complete summary of such agreement and is qualified by
reference in its entirety to the full text of the Letter Agreement
filed herewith.
Item 7.01 Regulation FD Disclosure.
The Company expects that the change in the conversion price
effected by the Letter Agreement will result in a decrease in loss
on debt extinguishment and an increase to the gain on the change in
fair value for embedded derivative liabilities for the three months
ended December 31, 2022. The loss on debt extinguishment was $11.7
million and $17.9 million for the three and nine months ended
September 30, 2022, respectively and the gain on the change in fair
value of embedded derivative liabilities was $2.9 million for the
three and nine months ended September 30, 2022. The exact amount of
these effects are subject to the completion of a valuation
regarding the conversion feature of the outstanding obligations due
to the CS Lenders.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibit(s).
|
|
|
|
|
|
|
|
|
Exhibit Number |
|
Exhibit Description |
10.1 |
|
Letter Agreement, dated November 18, 2022, between the Company and
Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero
Banamex, Division Fiduciaria, Como Fiduciario del Fideicomiso
Irrevocable F/17937-8, a trust organized under the laws of Mexico
and Banco Nacional de Mexico, S.A., Member of Grupo Financiero
Banamex, Division Fiduciaria, in its capacity as trustee of the
Trust No. F/17938-6, a trust organized under the laws of
Mexico
|
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: November 22, 2022
|
|
|
|
|
|
|
|
|
|
AGILETHOUGHT, INC.
|
|
|
|
|
By:
|
/s/ Amit Singh
|
|
|
Amit Singh
|
|
|
Chief Financial Officer
|
AgileThought (NASDAQ:AGIL)
Historical Stock Chart
From Feb 2023 to Mar 2023
AgileThought (NASDAQ:AGIL)
Historical Stock Chart
From Mar 2022 to Mar 2023