Tecnoglass Responds to Short Seller Report
Tecnoglass (NYSE:TGLS) has issued a strong rebuttal to a short seller report, categorically rejecting all allegations as false, misleading, and malicious. The company emphasized that similar claims were previously investigated in 2022 by a Special Committee of independent Board members with external advisors, finding no evidence of wrongdoing, fraud, or financial misstatement.
The company has reaffirmed its increased full year 2025 guidance announced on August 7, 2025, expressing confidence in its business strength and future prospects. Tecnoglass is considering legal action against those responsible for the report and plans to continue its active share repurchase program, demonstrating management's confidence in the company's fundamentals.
Tecnoglass (NYSE:TGLS) ha pubblicato una forte smentita contro un report di short seller, respingendo categoricamente tutte le accuse come false, fuorvianti e di natura diffamatoria. La società ha ricordato che affermazioni simili erano già state oggetto di indagine nel 2022 da parte di un Comitato Speciale composto da amministratori indipendenti con consulenti esterni, che non aveva rilevato alcuna prova di illeciti, frode o errori contabili.
La società ha confermato il rialzo delle previsioni per l'intero esercizio 2025 annunciate il 7 agosto 2025, manifestando fiducia nella solidità del business e nelle prospettive future. Tecnoglass sta valutando azioni legali contro i responsabili del report e intende proseguire il programma attivo di riacquisto di azioni, a dimostrazione della fiducia del management nei fondamentali dell'azienda.
Tecnoglass (NYSE:TGLS) ha emitido una contundente refutación a un informe de vendedores en corto, rechazando categóricamente todas las alegaciones como falsas, engañosas y malintencionadas. La compañía subrayó que reclamaciones similares ya fueron investigadas en 2022 por un Comité Especial compuesto por miembros independientes del Consejo con asesores externos, sin encontrar evidencia de conducta indebida, fraude o errores financieros.
La empresa ha ratificado su aumento en la guía para todo el año 2025 anunciada el 7 de agosto de 2025, mostrando confianza en la fortaleza del negocio y en sus perspectivas futuras. Tecnoglass está considerando acciones legales contra los responsables del informe y planea continuar su programa activo de recompra de acciones, lo que demuestra la confianza de la dirección en los fundamentos de la compañía.
Tecnoglass (NYSE:TGLS)는 공매도 세력의 보고서에 대해 강력히 반박하며 모든 혐의를 허위·오도·악의적이라고 단호히 일축했습니다. 회사는 유사한 주장들이 2022년에 독립 이사진으로 구성된 특별위원회와 외부 자문단에 의해 조사되었으며, 위법행위나 사기, 재무기재의 오류 증거가 전혀 발견되지 않았음을 강조했습니다.
회사는 2025년 전체 연도 지침을 2025년 8월 7일에 상향 발표한 내용을 재확인하며 사업의 건전성과 향후 전망에 대한 자신감을 표명했습니다. Tecnoglass는 해당 보고서 작성자들에 대해 법적 조치를 검토 중이며, 경영진의 회사 기초체력에 대한 신뢰를 보여주기 위해 자사주 매입 프로그램도 계속 진행할 계획입니다.
Tecnoglass (NYSE:TGLS) a publié une vigoureuse réfutation à l'encontre d'un rapport d'un vendeur à découvert, rejetant catégoriquement toutes les allégations comme étant fausses, trompeuses et malveillantes. La société a souligné que des allégations similaires avaient déjà fait l'objet d'une enquête en 2022 par un comité spécial composé de membres indépendants du conseil d'administration avec des conseillers externes, sans qu'aucune preuve de faute, de fraude ou d'erreur financière n'ait été retenue.
La société a réaffirmé sa révision à la hausse des prévisions pour l'exercice 2025 annoncée le 7 août 2025, se déclarant confiante dans la robustesse de ses activités et ses perspectives. Tecnoglass envisage des actions en justice contre les auteurs du rapport et prévoit de poursuivre son programme actif de rachat d'actions, témoignant de la confiance de la direction dans les fondamentaux de l'entreprise.
Tecnoglass (NYSE:TGLS) hat eine scharfe Gegendarstellung zu einem Bericht von Leerverkäufern veröffentlicht und alle Vorwürfe kategorisch als falsch, irreführend und böswillig zurückgewiesen. Das Unternehmen betonte, dass ähnliche Behauptungen bereits 2022 von einem Sonderausschuss unabhängiger Vorstandsmitglieder mit externen Beratern untersucht wurden, ohne Hinweise auf Fehlverhalten, Betrug oder Bilanzfehler.
Das Unternehmen hat seine am 7. August 2025 angekündigte angehobene Prognose für das Gesamtjahr 2025 bestätigt und zeigt sich zuversichtlich in Bezug auf die Stärke des Geschäfts und die zukünftigen Aussichten. Tecnoglass zieht rechtliche Schritte gegen die Verfasser des Berichts in Erwägung und plant, das aktive Aktienrückkaufprogramm fortzusetzen, was das Vertrauen des Managements in die Fundamentaldaten des Unternehmens unterstreicht.
- Company reaffirmed recently increased 2025 financial guidance
- Active share repurchase program remains in place
- Previous 2022 investigation by Special Committee found no evidence of wrongdoing
- Strong first half 2025 performance reported
- Company expects another year of strong profitability and cash generation
- Short seller report alleging unspecified misconduct
- Potential market manipulation affecting share price
- Company may incur costs from potential legal actions against short sellers
Insights
Tecnoglass forcefully defends against short seller allegations, reaffirms guidance, and suggests market manipulation - immediate investor confidence test.
Tecnoglass (TGLS) has issued a strong rebuttal to an unnamed short seller report, describing the allegations as "false, misleading, and malicious" in nature. The company notes that many claims rehash previously addressed issues from 2022 that underwent thorough investigation by an independent Special Committee with external legal and accounting advisors, which found no evidence of wrongdoing.
What's particularly significant is that TGLS has reaffirmed its recently increased full-year 2025 guidance announced just two weeks ago on August 7th. This reaffirmation signals management's confidence in the underlying business fundamentals despite the short attack.
The company's response includes several strategic elements that demonstrate a well-prepared crisis management approach:
- Explicit rejection of all allegations
- Reference to previous thorough investigation with independent oversight
- Commitment to explore legal options against the report's authors
- Reaffirmation of financial guidance
- Reminder of active share repurchase program
The mention of the share repurchase program is a calculated move, suggesting management believes shares are undervalued and providing a potential price support mechanism during market volatility.
The language used in the release is notably forceful, with terms like "categorically rejects" and "clear attempt to manipulate the market" indicating the company is taking an aggressive stance rather than a defensive one. This approach often resonates better with investors in short attack scenarios, as it projects confidence rather than uncertainty.
While the release doesn't provide specific refutations of individual claims in the short report, this is a standard approach that avoids giving oxygen to specific allegations. Instead, the company has opted for a comprehensive rejection while reminding the market of the previous investigation's conclusions.
Company Categorically Rejects All Allegations Which it Believes to be False, Misleading and Malicious
Company Reaffirms Recently Increased Full Year 2025 Guidance
Miami, FL, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company"), a leading producer of high-end aluminum and vinyl windows and architectural glass for the global residential and commercial end markets, today issued the following statement in response claims made in a short seller report:
Tecnoglass categorically rejects what it believes are false, misleading, and unsubstantiated allegations contained in the report. Tecnoglass believes the publication is a clear attempt to manipulate the market and harm the Company’s shareholders. The report largely focuses on previous claims that were thoroughly reviewed and addressed in 2022 by a Special Committee of the Company’s independent Board members, with the support of highly respected external legal and accounting advisors. That review concluded with no evidence of wrongdoing, fraud, or financial misstatement.
Tecnoglass remains committed to highest standards of ethical conduct, transparency and sound corporate governance. The Company is reviewing all available options, including potential legal action against parties responsible for disseminating the report, to protect the interests of Company shareholders and the integrity of the market. The Company will continue to cooperate fully with regulators and stakeholders, as it always has, and will not allow unfounded speculation or attempts to manipulate the market to distract from the Company’s mission of building long-term value for customers, employees, and shareholders.
The Company reaffirmed its recently increased full year 2025 financial guidance announced on August 7, 2025 that reflects the Company’s solid performance through the first half of 2025 and the continued strength across the business and belief that the business will achieve another year of strong profitability and cash generation.
Reflecting confidence in the strength and long-term prospects of the business, Tecnoglass also notes that its active share repurchase program will be used when appropriate, underscoring management’s belief that the Company’s fundamentals and growth outlook are not reflected in the current market price.
Tecnoglass remains focused on delivering exceptional, best-in-class services and solutions for our residential and commercial customer base, and delivering long-term value for our shareholders.
About Tecnoglass
Tecnoglass Inc. is a leading producer of high-end aluminum and vinyl windows and architectural glass serving the multi-family, single-family, and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company’s 5.8 million square foot, vertically integrated, and state-of-the-art manufacturing complex provide efficient access to nearly 1,000 customers in North, Central and South America, with the United States accounting for
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass’ current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass’ business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass’ filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass’ financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events and changes in assumptions or otherwise, except as required by law.
Investor Relations:
Santiago Giraldo
CFO
305-503-9062
investorrelations@tecnoglass.com
FAQ
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