AgileThought Inc. 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 percent 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 percent 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.
By Anusuya Lahiri
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