AgileThought, a provider of digital transformation and consulting services solutions, and LIV Capital Acquisition today announced a definitive business combination agreement. Upon closing, the combined company will operate as AgileThought and will remain listed on the Nasdaq under new ticker symbol AGIL, with an anticipated market capitalization of approximately $491 million.
The transaction is expected to deliver approximately $124 million in proceeds, including $81 million of cash held in the SPAC’s trust account (assuming no redemptions), and a fully committed $43 million PIPE at $10 per share. Existing AgileThought shareholders have committed to rolling over 100 percent of their equity into the combined company. The deal is expected to close in the third quarter, pending shareholder approval. Read more.
