Andina Acquisition Corp. II Obtains Extension to Complete Business Combination
May 12 2017 - 1:07PM
Business Wire
Andina Acquisition Corp. II (Nasdaq: ANDAU, ANDA, ANDAR,
ANDAW) ("Andina" or the "Company"), a Cayman Islands exempted
company, announced today that it has executed several letters
of intent for a potential business combination. As a result, Andina
now has until September 1, 2017 to consummate an initial business
combination. If Andina is unable to complete a business combination
by September 1, 2017 (or such later date as may be approved by
shareholders at a meeting called for such purpose at which
dissenting shareholders will be given the opportunity to have their
shares redeemed for a pro rata portion of the funds in Andina’s
trust account), it will then liquidate.
About Andina Acquisition Corp. II
Andina is a Cayman Islands exempted company formed 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. The Company's efforts to identify target businesses will
not be limited to a particular industry or geographic region,
though it intends to initially focus its search for target
businesses in the Andean region of South America and in Central
America.
Forward Looking Statements
This press release includes "forward-looking statements" that
are not historical facts, and involve risks and uncertainties that
could cause actual results to differ materially from those expected
and projected. Words such as "expects", "believes", "anticipates",
"intends", "estimates", "seeks" and variations and similar words
and expressions are intended to identify such forward-looking
statements. Such forward-looking statements relate to future events
or future performance, but reflect Andina management's current
beliefs, based on information currently available. A number of
factors could cause actual events, performance or results to differ
materially from the events, performance and results discussed in
the forward-looking statements. For information identifying
important factors that could cause actual results to differ
materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of Andina’s
prospectus for its offering filed with the Securities and Exchange
Commission. Except as expressly required by applicable securities
law, Andina disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events, or otherwise.
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Andina Acquisition Corp. IIJulio A. Torres, 646-565-3861Chief
Executive Officer
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