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Andina Acquisition Corp. II
Andina Acquisition Corp. II was a SPAC formed to acquire a Latin American business, which completed its merger with Chilean miner Prieto in 2019.
Andina Acquisition Corp. II
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.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Frequently asked questions
What was Andina Acquisition Corp. II?
It was a special-purpose acquisition company formed to merge with a Latin American target. It raised $100 million in its 2016 IPO and completed a combination with Chilean mining company Prieto in 2019.
Did Andina Acquisition Corp. II operate after its merger?
No. As a SPAC, Andina Acquisition Corp. II dissolved following the completion of its business combination with Prieto in 2019. The successor entity, Prieto Mining Corp., absorbed the combined operations.
Who sponsored Andina Acquisition Corp. II?
The sponsor is believed to be Andina Investment Management, a private investment firm based in New York. No independent management team or principals were publicly named.
What sectors did Andina Acquisition Corp. II target?
The SPAC's initial prospectus identified Latin American natural resources, infrastructure, and consumer sectors. Its ultimate target, Prieto, was a mining company.
Is Andina Acquisition Corp. II still an active entity?
No. The SPAC completed its merger with Prieto in 2019 and terminated its securities filings. No separate operations remain.
What was the size of the Prieto acquisition?
The merger valued Prieto at approximately $65 million, funded through cash held in the SPAC trust and stock consideration. The deal closed in 2019.
How does Andina Acquisition Corp. II relate to other Andina entities?
It was part of a series of SPACs sponsored by Andina Investment Management, including Andina Acquisition Corp. I. Each SPAC was a standalone vehicle targeting Latin American businesses.
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