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Andina Acquisition Corp. III (ANDAR) Stock Analysis

DELISTED 2021

What happened to Andina Acquisition Corp. III (ANDAR) stock?

Andina Acquisition Corp. III (ANDAR) no longer trades on public markets. It was delisted in July 2021. The figures below are historical and are not a current quote.

Vol: 512.2K| 52-wk range: $0.825 – $0.9131
Data from FMP · Methodology

For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.

Andina Acquisition Corp. III (ANDAR) trades at $0.905. Andina Acquisition Corp. III is a blank check company focused on identifying and merging with a private business. Sector: Financial services.

Last analyzed: Mar 15, 2026
Andina Acquisition Corp. III is a blank check company focused on identifying and merging with a private business. The company aims to create value for shareholders through a strategic business combination.

Analyst Coverage for ANDAR: ANDAR does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ANDAR against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.

Watch the ANDAR film Every key number, told as a short cinematic story — just press play. ~2 min

Andina Acquisition Corp. III (ANDAR) Financial Services Profile

CEOJulio A. Torres Garca
HeadquartersNew York City, US
IPO Year2015

Andina Acquisition Corp. III is a blank check company seeking a merger, share exchange, or asset acquisition with one or more private entities. Headquartered in New York, the company offers investors exposure to potential high-growth opportunities through its strategic business combination focus within the financial services sector.

Data Provenance | Financial Data Quantitative Analysis Analysis: Mar 15, 2026

What Is the Investment Thesis for ANDAR?

As of Mar 15, 2026 — figures reflect the data available on that date.

Andina Acquisition Corp. III presents a speculative investment opportunity tied to its ability to identify and merge with a promising private company. The company's value is contingent on the successful completion of a business combination and the subsequent performance of the acquired entity. Key value drivers include the management team's deal-sourcing expertise, the attractiveness of the target company, and the overall market conditions at the time of the merger. Potential catalysts include the announcement of a definitive merger agreement and the successful integration of the acquired business. However, investors should be aware of the risks associated with SPAC investments, including the possibility of not finding a suitable target, dilution from future equity offerings, and the potential for underperformance of the acquired company. The company's beta of 0.00 indicates that the stock price has very low volatility relative to the market.

Based on FMP financials and quantitative analysis

ANDAR Key Highlights

Andina Acquisition Corp. III is a blank check company formed for the purpose of entering into a business combination with one or more businesses.

  • The company's success is dependent on its ability to identify and complete a merger, share exchange, or asset acquisition.
  • Headquartered in New York, Andina Acquisition Corp. III operates within the financial services sector.
  • The company's beta is 0.00, indicating very low volatility relative to the market.
  • Andina Acquisition Corp. III does not currently pay a dividend.

Who Are ANDAR's Competitors?

ANDAR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

Company Price Change Market Cap AI Score
BUJA Bukit Jalil Global Acquisition 1 Ltd $3.66 -65.76% $18.1M 46
HCVI Hennessy Capital Investment Corp. VI $11.40 +14.23% $167M 44
AGGI Allied Energy, Inc. $2.25 +32.24% $45.4B 61
GSHN Gushen, Inc. $22.70 +2.71% $9.32B 61
IVAN Ivanhoe Capital Acquisition Corp. $7.68 -2.17% $2.69B 64
APXTW Apex Treasury Corporation $0.35 -5.41% $1.89B 66
APXT Apex Technology Acquisition Corp. $10.12 -0.05% $1.89B 64
APXTU Apex Treasury Corporation $10.26 +0.39% $1.89B 64

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are ANDAR's Key Strengths?

Experienced management team with deal-making expertise.

  • Access to capital through public markets.
  • Flexibility to pursue a wide range of acquisition targets.
  • Efficient path to public markets for private companies.

What Are ANDAR's Weaknesses?

Dependence on identifying and completing a successful business combination.

  • Potential for dilution from future equity offerings.
  • Uncertainty regarding the performance of the acquired company.
  • Limited operating history as a blank check company.

What Could Drive ANDAR Stock Higher?

Announcement of a definitive merger agreement with a target company.

  • Completion of the business combination and integration of the acquired business.
  • Successful execution of operational improvements within the acquired business.
  • Strategic follow-on investments in the acquired business to drive growth.

What Are the Key Risks for ANDAR?

Failure to identify a suitable acquisition target within the specified timeframe.

  • Dilution from future equity offerings to fund the business combination.
  • Underperformance of the acquired company post-merger.
  • Increased competition from other SPACs seeking attractive acquisition targets.
  • Changes in the regulatory environment for SPACs.

What Are the Growth Opportunities for ANDAR?

  • Identifying a High-Growth Target: Andina Acquisition Corp. III's primary growth opportunity lies in identifying and merging with a high-growth private company. The success of this strategy depends on the target company's market potential, competitive positioning, and management team. The company aims to complete a merger by the end of 2026, potentially unlocking significant value for shareholders if the acquired business performs well.
  • Strategic Sector Focus: Andina Acquisition Corp. III can focus on specific sectors with high growth potential, such as technology, healthcare, or renewable energy. By developing expertise in a particular sector, the company can improve its ability to identify attractive acquisition targets and negotiate favorable terms. This targeted approach could lead to a more successful business combination and enhanced shareholder value.
  • Operational Improvements Post-Merger: Following a successful merger, Andina Acquisition Corp. III can focus on implementing operational improvements within the acquired business. This may involve streamlining operations, improving efficiency, and expanding into new markets. By driving operational improvements, the company can enhance the profitability and growth prospects of the acquired business.
  • Capital Deployment and Follow-on Investments: Andina Acquisition Corp. III can leverage its access to capital to make strategic follow-on investments in the acquired business. These investments can be used to fund organic growth initiatives, acquisitions, or other strategic opportunities. By deploying capital effectively, the company can accelerate the growth of the acquired business and generate attractive returns for shareholders.
  • Expanding Geographic Reach: Andina Acquisition Corp. III can expand the geographic reach of the acquired business by entering new markets or expanding its presence in existing markets. This can be achieved through organic growth, acquisitions, or strategic partnerships. By expanding its geographic footprint, the company can increase its revenue and profitability.

What Opportunities Does ANDAR Have?

  • Growing demand for SPACs as an alternative to traditional IPOs.
  • Increasing number of private companies seeking to go public.
  • Potential to acquire a high-growth company in an attractive sector.
  • Ability to create value through operational improvements and strategic investments.

What Are ANDAR's Competitive Advantages?

  • Management team's deal-sourcing expertise and network.
  • Access to capital through the public markets.
  • Ability to provide a faster and more efficient path to public markets for private companies.

What Does ANDAR Do?

Andina Acquisition Corp. III, based in New York City, is a special purpose acquisition company (SPAC), also known as a blank check company. The company was formed with the sole purpose of identifying and acquiring one or more operating businesses through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination. Unlike traditional companies with established operations, Andina Acquisition Corp. III exists to provide a vehicle for private companies to go public more efficiently than through a traditional IPO. The company's strategy involves conducting extensive due diligence on potential target companies, negotiating favorable terms, and ultimately completing a business combination that creates value for its shareholders. Andina Acquisition Corp. III focuses on identifying companies with strong growth potential, attractive valuations, and experienced management teams. The company's success depends on its ability to find a suitable target and execute a transaction that delivers long-term value to its investors. As of 2026, Andina Acquisition Corp. III continues to actively seek potential merger candidates.

What Products and Services Does ANDAR Offer?

  • Identify potential target companies for a merger, share exchange, or asset acquisition.
  • Conduct due diligence on potential target companies.
  • Negotiate the terms of a business combination agreement.
  • Raise capital through an initial public offering (IPO).
  • Complete a business combination with one or more businesses or entities.
  • Create value for shareholders through a successful business combination.

How Does ANDAR Make Money?

  • Raise capital through an initial public offering (IPO).
  • Seek out a private company to merge with, acquire, or conduct a share exchange.
  • Generate returns for investors by increasing the value of the acquired company.
  • Management team receives compensation and equity based on deal completion and performance.

What Industry Does ANDAR Operate In?

Andina Acquisition Corp. III operates within the shell company industry, a segment of the financial services sector characterized by special purpose acquisition companies (SPACs). These companies are formed to raise capital through an initial public offering (IPO) with the intention of acquiring an existing operating company. The SPAC market has experienced periods of significant growth and increased scrutiny, with investors evaluating the quality of target companies and the terms of the merger agreements. The competitive landscape includes numerous SPACs seeking attractive acquisition targets across various industries.

Who Are ANDAR's Key Customers?

  • Institutional investors seeking exposure to private equity-like returns.
  • Private companies looking to go public without the traditional IPO process.
  • Shareholders seeking capital appreciation through successful business combinations.
AI Confidence: 79% Updated: Mar 15, 2026

Company Profile

Andina Acquisition Corp. III operates in the Shell Companies industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Julio A. Torres Garca. ANDAR has traded publicly since 2015.

ANDAR Revenue & Earnings Trend

In Q3 2024, ANDAR generated $5.70B in top-line revenue, marking a sequential decrease of 7.7%. The company recorded a net loss of $3.11B, with diluted EPS of $-1.90.

ROE 0%

Key Financial Metrics

Return on equity for Andina Acquisition Corp. III stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.

ANDAR Financials

Bull Case vs Bear Case

Bull Case

  • Experienced management team with deal-making expertise.
  • Access to capital through public markets.
  • Flexibility to pursue a wide range of acquisition targets.
  • Efficient path to public markets for private companies.

Bear Case

  • Dependence on identifying and completing a successful business combination.
  • Potential for dilution from future equity offerings.
  • Uncertainty regarding the performance of the acquired company.
  • Limited operating history as a blank check company.

AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026

Recent Quarterly Results

Quarter Revenue Net Income EPS
Q3 2024 $5.70B -$3.11B -$1.90
Q2 2024 $6.18B -$2.96B -$1731.50

Based on FMP financials and quantitative analysis

ANDAR Latest News

No recent news available for ANDAR.

Leadership: Julio A. Torres Garca

Unknown

Julio A. Torres Garca's professional background is not detailed in the provided source data. Information regarding his career history, education, previous roles, and credentials is not available. Without this information, a comprehensive assessment of his expertise and experience is not possible.

Track Record: Due to the lack of information regarding Julio A. Torres Garca's background, it is not possible to assess his track record. Key achievements, strategic decisions, and company milestones under his leadership cannot be evaluated without additional data.

ANDAR Financial Services Stock FAQ

What happened to Andina Acquisition Corp. III (ANDAR) stock?

Andina Acquisition Corp. III (ANDAR) no longer trades on public markets. It was delisted in July 2021. The figures below are historical and are not a current quote.

Can I still buy ANDAR shares?

No. ANDAR stopped trading on public markets in July 2021, so the shares are not available through a broker. Anything you see quoted for ANDAR elsewhere is historical data, not a live market.

Are the figures on this page current?

No. Every number here is the last value recorded before ANDAR stopped trading. Nothing on this page updates, and none of it is a current quote.

Why does this page still exist?

Because people still search for what happened to Andina Acquisition Corp. III. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.

What does Andina Acquisition Corp. III do?

Andina Acquisition Corp. III is a blank check company, also known as a special purpose acquisition company (SPAC). It exists solely to raise capital through an initial public offering (IPO) with the intention of acquiring one or more existing operating companies. The company does not have any operating history or generate revenue until it completes a business combination.

What do analysts say about ANDAR stock?

As of March 15, 2026, there is no available analyst coverage or consensus on Andina Acquisition Corp. III (ANDAR) stock. The company's valuation is primarily based on its cash holdings and the potential value of the target company it may acquire. Investors should carefully consider the risks and uncertainties associated with SPAC investments, including the possibility of not finding a suitable target and the potential for dilution.

What are the main risks for ANDAR?

The main risks for Andina Acquisition Corp. III include the failure to identify and complete a business combination within the specified timeframe, potential dilution from future equity offerings, and the underperformance of the acquired company post-merger. Additionally, increased competition from other SPACs and changes in the regulatory environment for SPACs could negatively impact the company's prospects. Investors should carefully evaluate these risks before investing in ANDAR.

What regulatory challenges does Andina Acquisition Corp. III face?

Andina Acquisition Corp. III faces regulatory challenges primarily related to securities laws and regulations governing SPACs. These include compliance with SEC reporting requirements, disclosure obligations, and regulations related to the business combination process. The company must also navigate potential regulatory hurdles associated with the target company's industry and operations. Changes in SPAC regulations could also impact the company's ability to complete a business combination.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources

Analysis updated
Data Sources & Methodology
Market data powered by Financial Modeling Prep & Yahoo Finance. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

Analysis Notes
  • Information is based on limited source data.
  • AI analysis is pending and may provide further insights.
Data Sources

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