AGNT, Inc. Enters Stock Purchase Agreement to Buy 8.69M Shares

What Happened AGNT, Inc. announced on September 3, 2026 that it entered into a stock purchase agreement to buy 8,693,290 shares of its common stock from Frank Selden as trustee of the Gratitude 2022 Trust. The agreed purchase price is $3.68 per share (the five-day VWAP prior to pricing, less a 10% discount). The deal must close by September 11, 2026 unless extended under the agreement.

Key Details

• Seller: Frank Selden, trustee of the Gratitude 2022 Trust; the trust’s sole beneficiaries are adult family members of Glenn Sanford, AGNT’s Chairman and CEO.
• Shares to be purchased: 8,693,290 shares; price: $3.68 per share (VWAP five trading days before pricing date minus 10%).
• Closing conditions: customary closing conditions including accuracy of reps and warranties, compliance with covenants, and delivery to the transfer agent of a stock transfer power with a medallion signature guarantee.
• Governance review: the transaction was reviewed and approved by the audit committee (comprised of independent, disinterested directors) under the company’s related person transaction policy, which found the price fair and in the company’s best interests.

Why It Matters This is a related-party acquisition of a substantial block of shares from a trust tied to the company’s CEO, approved by independent directors. The transaction will reduce outstanding shares held by the trust and could affect AGNT’s share count and insider ownership profile; investors should watch for the closing and any subsequent filings that reflect changes in share ownership or capitalization.