Andina Acquisition Corporation II (AAC II) is a U.S. publicly traded company (NASDAQ: ANDAU). In November 2015, we raised $40 million in equity through the sale of 4.0 million units for the purpose of making a minority investment in a private company.
We aim to find and invest in a fast-growing private company in the Andean region and help it unlock unrealized growth potential via a listing on the NASDAQ. For the target company, a NASDAQ listing will open up broad new sources of capital at a reduced cost, and can facilitate geographic expansion and consolidation strategies.
AAC II seeks to repeat the successful business combination between Andina Acquisition Corporation I (AAC I) and Tecnoglass Inc, which was executed in 2013. (NASDAQ: TGLS). As a public entity, Tecnoglass has outperformed its initial growth objectives and was the best performing SPAC in the world in the 2010-2015 period.