Andina Acquisition Corp. III

Andina Acquisition Corp. III

ANDAR
Andina Acquisition Corp. IIIUS flagNASDAQ Capital Market
0.91
USD
+0.10
- -
No data availableFinancial data will appear here once available

Capital Structure

FRC

in mil. unless spec.
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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Julio A. Torres Garca
Sector
Financial Services
Industry
Shell Companies
Address
250 W 57th St Ste 2223 New York City NY United States of America
IPO Date
Dec 7, 2015
Business
Andina Acquisition Corp. III Andina Acquisition Corp. III operates as a blank check company, or special purpose acquisition company (SPAC), incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; its efforts to identify a prospective target business are not limited to a particular industry or geographic region, although it initially intends to focus on opportunities in the Americas. The company offers no current products or services beyond its core SPAC structure, which includes redeemable units consisting of Class A ordinary shares, rights and warrants traded under the tickers ANDA, ANDAR and ANDAW on the Nasdaq Capital Market; it maintains a trust account holding investor proceeds from its January 2019 initial public offering of $100 million to fund a potential business combination. Andina Acquisition Corp. III was founded in 2016 and maintains operational ties to Bogotá, Colombia, with key management including CEO Julio A. Torres and Chairman Luke Weil. In recent developments, the company pursued but ultimately terminated negotiations for a business combination with EMMAC Life Sciences Limited in November 2020 following a non-binding letter of intent announced in July 2020; it entered a definitive agreement in January 2021 to merge with Stryve Foods, LLC in a $168 million transaction that closed on July 20, 2021, resulting in Andina's domestication to a Delaware corporation, name change to Stryve Foods, Inc., and relisting under SNAX, though Andina Acquisition Corp. III rights (ANDAR) continue to trade separately with recent prices around $0.91 as of late 2025 amid ongoing post-merger dynamics. The company has secured multiple shareholder-approved extensions of its transaction deadline, including from October 31, 2020, to January 31, 2021, and further adjournments and votes into 2021 to facilitate deal pursuits, with high redemption rates such as 75% of shares in one extension vote reflecting investor dynamics typical of prolonged SPAC processes; as of November 2025, it remains in a post-deal trading status for rights with no reported new combinations or liquidations in the past 1-2 years.

Company News

APIChatGPT
  • Andina Acquisition Corp. III Rights And Warrants: Whether 3rd Time Will Be A Charm By October 31, 2020

  • Embotelladora Andina SA ADR Series A (AKO.A) Scheduled to Post Quarterly Earnings on Tuesday

  • Embotelladora Andina SA ADR Series A (NYSE:AKO.A) Stock Price Passes Below Two Hundred Day Moving Average of $13.79

  • Embotelladora Andina SA ADR Series A (NYSE:AKO.A) Share Price Passes Below 200 Day Moving Average of $14.02

  • Edited Transcript of AC*.MX earnings conference call or presentation 25-Oct-19 3:00pm GMT

  • Andina Acquisition Corp. III (NASDAQ:AMCI) and Global Cord Blood (NASDAQ:CO) Head to Head Analysis