Blog: AGILETHOUGHT, INC. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) – Marketscreener.com

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).



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