ANDINA ACQUISITION CORP. II (NASDAQ:ANDA) Files An 8-K Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of ListingItem 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard.
On January 3, 2017, Andina Acquisition Corp. II (the “Company”) received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company failed to hold an annual meeting of stockholders within 12 months after its fiscal year ended December 31, 2015, as required by Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G). The Company will submit a plan to regain compliance to the procedures set forth in the Nasdaq Listing Rules no later than February 17, 2017. While the plan is pending, the Company’s securities will continue to trade on Nasdaq.