Andina Acquisition Corp. III Announces Intention to Adjourn Extraordinary General Meeting of Shareholders for Approving an Ex...
October 28 2020 - 6:00AM
Andina Acquisition Corp. III (NASDAQ: ANDA, ANDAW, and ANDAU)
(“Andina” or the “Company”) today announced that the Company’s
board of directors has determined to postpone the vote by its
shareholders on extending the date by which Andina must consummate
a business combination from October 31, 2020 (or December 31, 2020
if Andina has executed a definitive agreement for a business
combination by October 31, 2020) to January 31, 2021 (or April 30,
2021 if Andina has executed a definitive agreement for a business
combination by January 31, 2021) (the “Proposed Extension”).
As a result of such decision, the Company intends to convene and
then adjourn, without conducting any other business, the
extraordinary general meeting originally scheduled on October 28,
2020. The new meeting time and date for shareholders to vote on the
Proposed Extension will be announced separately.
In connection with the foregoing development, Andina will also
extend the deadline for holders of its ordinary shares to submit
their shares for redemption. The new deadline for redemption will
be announced separately along with the new meeting time and date.
Shareholders who wish to withdraw their redemption request may do
so by requesting that the transfer agent return such shares prior
to the new meeting.
About Andina
Acquisition Corp. IIIAndina Acquisition Corp. III
(NASDAQ: ANDA, ANDAW, and ANDAU) is a blank check company for the
purpose of entering into a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. For information about Andina, please visit
http://www.andinaacquisition.com/
Additional Information and Where to Find
ItAndina urges investors, stockholders and other
interested persons to read, when available, the definitive proxy
statement filed on October 8, 2020 (the “Extension Proxy
Statement”), as well as other documents filed by Andina with the
Securities and Exchange Commission (the “SEC”), because these
documents will contain important information about Andina and the
Proposed Extension. The definitive proxy statement for the Proposed
Extension was also mailed to shareholders of Andina as of a record
date of September 28, 2020 on or about October 9, 2020.
Shareholders may obtain copies of the proxy statement, when
available, without charge, at the SEC’s website at www.sec.gov or
by directing a request to: Andina Acquisition Corp. III, Calle 113
#7-45 Torre B, Oficinia 1012, Bogota, Colombia.
Participants in SolicitationAndina and its
directors, executive officers and other members of their management
and employees may be deemed to be participants in the solicitation
of proxies of Andina shareholders in connection with the Proposed
Extension. Investors and security holders may obtain more detailed
information regarding the names, affiliations and interests of
Andina’s directors and Officers in the Extension Proxy Statement,
which may be obtained free of charge from the sources indicated
above.
Non-SolicitationThis press release is not a
proxy statement or solicitation of a proxy, consent or
authorization with respect to any securities or in respect of the
Proposed Extension and shall not constitute an offer to sell or a
solicitation of an offer to buy the securities of Andina, nor shall
there be any sale of any such securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended.
Forward Looking StatementsThis press release
includes forward-looking statements that involve risks and
uncertainties. Forward-looking statements are statements that are
not historical facts. Such forward-looking statements are subject
to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements. These forward-looking
statements and factors that may cause such differences include,
without limitation, uncertainties relating to Andina’s shareholder
approval of the Extension, Andina’s inability to enter into a
definitive agreement with respect to a business combination
transaction or to complete the transactions by the deadline set
forth under its amended and restated memorandum and articles of
incorporation and other risks and uncertainties indicated from time
to time in filings with the SEC, including Andina’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2019 under the
heading “Risk Factors” and other documents Andina has filed, or to
be filed, with the SEC. Readers are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Andina expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Andina’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contact
ICRInvestor Relations:Raphael
Gross, (203) 682-8253raphael.gross@icrinc.com
Media Relations:Cory Ziskind, (646)
277-1232cory.ziskind@icrinc.com
Keil Decker, (646) 677-1854keil.decker@icrinc.com
Andina Acquisition Corpo... (NASDAQ:ANDAW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Andina Acquisition Corpo... (NASDAQ:ANDAW)
Historical Stock Chart
From Apr 2023 to Apr 2024