Digital Advisory AgileThought Goes Bankrupt in Latest SPAC Flop

AgileThought Inc., which went public two years ago at the height of the blank-check merger mania, filed for bankruptcy with plans to quickly sell itself at an auction.

The company blamed its bankruptcy in part on a skirmish with tax authorities in Mexico, where AgileThought is fighting a $203 million tax bill. That tax assessment hit in 2021, just before the company became publicly traded by merging with the special-purpose acquisition company, LIV Capital Acquisition Corp., said James S. Feltman, the company’s chief restructuring officer, in court papers.

AgileThought went public during a wave of blank-check mergers in ...