AgileThought, a Pure-play Digital Solutions Provider That Delivers High-end Software Development at Scale, to List on Nasdaq Through a Business Combination with LIV Capital Acquisition Corp.

Rhea-AI Summary

AgileThought and LIVK have announced a definitive business combination agreement, transitioning AgileThought into a publicly traded entity on Nasdaq under the new ticker symbol 'AGIL'. The anticipated market capitalization of the combined company is approximately $491 million. CEO Manuel Senderos highlighted that this merger will enhance AgileThought's financial standing and capitalize on growth opportunities within the digital transformation sector. LIVK's CEO Alex Rossi emphasized the strategic partnership, focusing on synergies between the U.S. and Mexican markets.

Positive

• Transaction anticipated to enhance AgileThought's balance sheet.
• Expected market capitalization of approximately $491 million post-merger.
• Strategic partnership aims to capture growth opportunities in digital transformation.

Negative

• None.

AgileThought, Inc. (“AgileThought” or the “Company”), a leading provider of digital transformation and consulting services solutions, and LIVK (Nasdaq: LIVK), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement. Upon the closing of this Transaction, the combined company will operate as AgileThought, Inc. and will remain listed on Nasdaq under the new ticker symbol “AGIL” with an anticipated market capitalization of approximately $491 million.

“This announcement is another key milestone for AgileThought as we continue our mission to fundamentally change the way people, organizations and companies view, approach and deliver software projects to support their digital transformation initiatives,” said Manuel Senderos, Chairman and Chief Executive Officer of AgileThought. “This Transaction will significantly strengthen AgileThought’s balance sheet and provide us the ability to capture the substantial market opportunity for growth. I am delighted to partner with LIV Capital in AgileThought’s new chapter. I would like to thank all those involved in making this Transaction a success, including (i) our existing institutional investors, Nexxus Capital, a leading alternative asset manager in Mexico, and Mexico Credit Opportunities Fund II, an investment vehicle managed by Credit Suisse Asset Management Mexico, who have contributed to the Company’s growth; (ii) our new investors; and (iii) the entire AgileThought team.”

“We are excited to partner with Manuel, AgileThought’s shareholders and the exceptional team at AgileThought. AgileThought perfectly embodies the platform and company we have sought to merge with our inaugural SPAC vehicle. LIV Capital has been backing successful company leaders with private equity for many years and we are proud to partner with AgileThought to make our first public market transaction. AgileThought is a great example of the synergistic opportunities that can achieved in the digital transformation sector between Mexico and the United States,” said Alex Rossi, Chairman and Chief Executive Officer of LIVK. “We look forward to supporting AgileThought’s growth strategy as a Nasdaq-listed public company.”

Company Overview

AgileThought is a pure play leading provider of agile-first software at scale, end-to-end digital transformation and consulting services to Fortune 1000 customers with diversity across end-markets and industry verticals.

For over 20 years, Fortune 1000 companies have trusted us to solve their digital challenges and optimize mission-critical systems to drive business value. Our solution architects, developers, data scientists, engineers, transformation consultants, automation specialists, and other experts located across the United States and across Latin America deliver next-generation software solutions that accelerate the transition to digital platforms across business processes.

AgileThought’s management team is led by Founder, Chairman, and Chief Executive Officer, Manuel Senderos; Chief Revenue Officer, Kevin Johnston; Chief Operating Officer, Federico Tagliani; Chief Infor

FAQ

What is the significance of the business combination between AgileThought and LIVK?

The business combination aims to strengthen AgileThought's financial position and market presence, transitioning it to a publicly traded company on Nasdaq with an expected market cap of $491 million.

What will AgileThought's new ticker symbol be after merging with LIVK?

After the merger, AgileThought will be listed on Nasdaq under the new ticker symbol 'AGIL'.

How does this merger impact AgileThought's future growth?

The merger is expected to enable AgileThought to leverage significant market opportunities for growth in the digital transformation sector.

What role does LIVK play in the acquisition of AgileThought?

LIVK, as a special purpose acquisition company, partners with AgileThought to facilitate its transition to a public company and enhance its strategic growth initiatives.