Andina Acquisition Corp. III

Andina Acquisition Corp. III

ANDAU
Andina Acquisition Corp. IIIUS flagNASDAQ Capital Market
11.10
USD
- -
- -
405.29MMarket Cap
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

FRC

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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
Calle 113 Bogota Colombia
IPO Date
Jan 31, 2019
Business
Andina Acquisition Corp. III is a publicly traded special purpose acquisition company (SPAC) originally incorporated in 2016 and headquartered in Bogotá, Colombia. The company focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily within the consumer sector. Its principal recent business activity involves the healthy snacking industry through its acquisition of Stryve Foods, LLC, an emerging leader in air-dried meat snack products in the United States. Following the completion of this business combination in July 2021, Andina Acquisition Corp. III re-domesticated from the Cayman Islands to become a Delaware corporation and was renamed Stryve Foods, Inc. The combined entity trades on NASDAQ under the ticker SNAX. Stryve Foods specializes in manufacturing, marketing, and selling all-natural, healthy snacks characterized by their air-dried meat snacks that are sugar-free, preservative-free, and keto- and paleo-diet friendly. The product portfolio includes brands such as Stryve®, Kalahari®, Braaitime®, and Vacadillos®, offering protein-rich snacks designed to disrupt traditional snacking categories. The business combination included a significant funding event, raising $53.4 million through a private placement, which bolstered the company's growth and expansion efforts. Since the merger, Stryve Foods has focused on expanding its product SKUs, deepening its penetration in existing retail channels, and growing its e-commerce presence. The company emphasizes vertical integration and investment in infrastructure and human capital to support its rapid growth trajectory and value creation strategy. Andina’s strategic shift through the acquisition of Stryve Foods marks its significant entry into the healthy consumer snacks market in the United States, transitioning the company from a SPAC to an operational entity with a clear consumer product focus.

Company News

APIChatGPT
  • Andina Acquisition Corp. III and Stryve Foods LLC Announce Shareholder Approval of the Business Combination

  • Andina Acquisition Corp. III and EMMAC Life Sciences Limited Announce Termination of Negotiations

  • Andina Acquisition Corp. III Announces Adjournment of the Extraordinary General Meeting of Shareholders for Approving an Extension of the Deadline Related to Consummating its Initial Business Combination

  • Andina Acquisition Corp. III Announces Intention to Adjourn Extraordinary General Meeting of Shareholders for Approving an Extension of the Deadline Related to Consummating its Initial Business Combination

  • Andina Acquisition Corp. III and EMMAC Life Sciences Limited Provide Update on Status Towards Signing Business Combination Agreement

  • 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