Andina Acquisition Corp. II

Overview

Andina Acquisition Corp. II was a special-purpose acquisition company sponsored by Andina Investment Management. It was formed to acquire a business in Latin America, focusing on natural resources, infrastructure, or consumer sectors. The SPAC raised $100 million in its 2016 IPO and listed on NASDAQ under the ticker ANDA. In 2019, it completed a business combination with Chilean mining company Prieto, acquiring the firm for approximately $65 million in cash and stock. The combined entity was renamed Prieto Mining Corp. and ceased trading as a SPAC. Andina Acquisition Corp. II had no disclosed professionals or independent management team; it operated as a blank-check vehicle with a sponsor structure. No further investment vehicles or ongoing operations have been reported since the Prieto merger. As a SPAC, the entity lacked a permanent investment strategy and dissolved following its initial target acquisition. No successor entity or additional public filings have been identified post-merger.