SPAC Weekly 01/05: Special Purpose Acquisition Corps 101

SPAC Weekly 01/05: Special Purpose Acquisition Corps 101 by Troy Marchand, Foundry Capital

Fourth edition of SPAC Weekly, an offering of Valuewalk.com, for the week of January 4th.

New SPAC Announced:

Andina Acquisition Corp II was formed in November 2015. This management team merged with Tecnoglass (TGLS) in their prior SPAC. Current stock price for TGLS is $13.35. While I have no recommendation on TGLS, it was a well thought out deal, and has proven to be successful. It seems like a solid company, manufacturing architectural glass out of Columbia. At first glance, it seems to be a nicely growing company at a reasonable valuation, albeit it operates out of Columbia, which may give investors some...