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Andina Acquisition Corp. III (NASDAQ: ANDA, ANDAW, ANDAU) announced a shareholder vote to adjourn a meeting regarding the proposed extension for completing a business combination. The deadline for the business combination has been moved from October 31, 2020, to January 31, 2021, with a possible further extension to April 30, 2021. The record date for voting remains September 28, 2020. Shareholders can still redeem their shares until 5:00 p.m. ET on October 28, 2020. The company encourages shareholders to review the definitive proxy statement for detailed information.
Andina Acquisition Corp. III (NASDAQ: ANDA, ANDAW, ANDAU) has postponed the shareholder vote to extend the deadline for a business combination from October 31, 2020, to January 31, 2021. The adjourned meeting will not conduct other business, and the new meeting details will be announced soon. Additionally, the redemption deadline for ordinary shares is also extended, with further information to come. This decision is critical as it affects Andina's timeline for completing a potential merger or acquisition, aligning with strategic goals.
Andina Acquisition Corp. III (NASDAQ: ANDA, ANDAW, ANDAU) and EMMAC Life Sciences Limited are progressing towards a business combination agreement. EMMAC, Europe's largest independent cannabis company, aims to go public on NASDAQ, with its shareholders expected to own a majority of the combined entity. The transaction is subject to due diligence and stockholder approvals. EMMAC's recent achievements include UK production commencement and securing manufacturing licenses across multiple European countries, highlighting its solid growth trajectory despite challenges from the COVID-19 pandemic.
