AgileThought Will Effectuate The Transaction Through A 90-Day Chapter 11 Reorganization Process Under The U.S. Bankruptcy Code.
Portfolio Pulse from Benzinga Newsdesk
AgileThought, a software development company, has announced that it will undergo a 90-day Chapter 11 reorganization process under the U.S. Bankruptcy Code.
August 28, 2023 | 6:17 pm
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AgileThought's announcement of a Chapter 11 reorganization process could negatively impact its stock price in the short term.
Chapter 11 bankruptcy often leads to a decrease in a company's stock price as it indicates financial distress. Investors may sell their shares due to the uncertainty surrounding the company's future, leading to a decrease in the stock price.
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