Company Description (as filed with the SEC)
In this Annual Report on Form 10-K (the “Form 10-K”), references to “Andina” or the “Company” and to “we,” “us” and “our” refer to Andina Acquisition Corporation. Introduction We are a Cayman Islands exempted company incorporated on September 21, 2011 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Company History In connection with our formation, we issued 1,437,500 ordinary shares, par value $0.0001 per share (“Ordinary Shares”), for an aggregate purchase price of $25,000. In March 2012, the holders of these Ordinary Shares, sometimes referred to as our initial shareholders, returned 287,500 Ordinary Shares to us at no cost for cancellation, so that immediately preceding our initial public offering described below, our initial shareholders held 1,150,000 Ordinary Shares, or “initial shares. ... More ...