Successfully merged with Tecnoglass Holding • Now trading as TGLS
SPAC Overview
$40M
IPO Size
$40.8M
Trust Amount
Completed
Current Status
2012
IPO Year
Timeline Progress
About
Andina Acquisition Corporation is a blank-check company seeking to acquire one or more operating businesses through a business combination. It has no specified industry focus and intends to concentrate its search in the Andean region of South America and Central America, particularly Colombia.
Geographic Focus
Andean region of South America, Central America, Colombia
The terms and the filing trail behind Andina Acquisition Corp
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Leadership
A Lorne Weil
Co-Chief Executive Officer, Director, Independent Director, Non-Executive Chairman, Non-Executive Chairman of the Board of Directors
Eric Carrera
Non-Executive Chairman of the Board of Directors
Juan Carlos Vilarino
Director, Non-Executive Chairman of the Board of Directors
Julio A. Torres
Co-Chief Executive Officer, Director, Former Co-Chief Executive Officer, Independent Director, Non-Executive Chairman
B. Luke Weil
Co-Chief Executive Officer, Director, Former Chief Executive Officer
Jose M. Daes
Chief Executive Officer, Director
Luis Eduardo Robayo Salom
Co-Chief Executive Officer, Director, Former Co-Chief Executive Officer
Joaquin Fernandez
Chief Financial Officer, Independent Director
Samuel R. Azout
Chief Financial Officer, Director
Christian T. Daes
Chief Operating Officer, Director
Martha L. Byorum
Chief Operating Officer, Director, Independent Director
Eduardo Robayo
Director
Marjorie Hernandez
Director
Rudolf M. Hommes
Director
Evelyn Daes
Beneficial owner
J Randall Waterfield
Beneficial owner
Robert Stevens
Beneficial owner
Alberto Velilla Becerra
Nicholas B. Weil
Underwriters
Extended Team Information
The team has substantial regional financial and business experience, including Colombian government finance leadership, banking, private equity, investment banking, consulting, and corporate leadership.
Stock Performance
TGLS
Trading Symbol
First Trade
2012-05-10
$9.97
At Merger
2013-12-30
$8.85
-11%
6 Months Post-Merger
2014-07-01
$12.29
+39%
1 Year Post-Merger
2014-12-29
$10.27
+16%
2 Years Post-Merger
2015-12-28
$13.34
+51%
Current Price
2026-10-02
$34.76
+249%
Key Information
IPO Date
2012-03-19
Total Redemptions
$22.9M
PIPE
$6.6M
State of Incorporation
E9
SIC
6770
Completion Date
2013-12-20
Merger Target
Tecnoglass Holding
SPAC Ticker
ANDA
Merged Ticker
TGLS