UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 29, 2014
TECNOGLASS INC.
(Exact Name of Registrant as Specified in Charter)
Cayman Islands | 001-35436 | N/A |
(State or Other Jurisdiction | (Commission | (IRS Employer |
of Incorporation) | File Number) | Identification No.) |
Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores Barranquilla, Colombia
(Address of Principal Executive Offices) (Zip Code)
(57)(5) 3734000
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) |
Item 3.01. | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
The information contained in Item 8.01 is hereby incorporated into this Item 3.01 to the extent it is applicable.
Item 8.01. | Other Events. |
On January 29, 2014, The Nasdaq Capital Market (“Nasdaq”) notified Tecnoglass Inc. (the “Company”) that, due to the Company’s failure to meet the minimum round lot holder requirement for warrants under Nasdaq Listing Rule 5515(a)(4) following its recent business combination with Tecno Corporation, Tecnoglass S.A. and C.I. Energia Solar S.A. E.S. Windows, Nasdaq will suspend trading in the Company’s warrants, effective at the open of business on Friday, January 31, 2014, and will initiate proceedings to delist the warrants. All other terms and conditions of the warrants are unchanged, and the Company’s ordinary shares remain trading on Nasdaq.
Following suspension of trading from Nasdaq, the Company anticipates its warrants will be quoted on the Over-the-Counter Bulletin Board on or about the same date under the same symbol “TGLSW,” but urges investors to check the OTC Bulletin Board Daily List for confirmation of the final symbol.
The Company issued a press release regarding the foregoing, a copy of which is annexed hereto as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Pursuant to the rules and regulations of the Securities and Exchange Commission, the attached exhibits are deemed to have been filed with the Securities and Exchange Commission.
Exhibit No. | Description | |
99.1 | Press Release dated January 30, 2014 |
2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 31, 2014
TECNOGLASS INC. | ||
By: | /s/ Jose M. Daes | |
Name: Jose M. Daes | ||
Title: Chief Executive Officer |
3 |
FOR IMMEDIATE RELEASE
TECNOGLASS WARRANTS TO COMMENCE TRADING ON THE OTC BULLETIN BOARD
Barranquilla, Colombia – January 30, 2014 – Tecnoglass, Inc. (NASDAQ: TGLS; TGLSW) (“Tecnoglass” or the “Company”) today announced that, effective with the commencement of trading on January 31, 2014, its ordinary share purchase warrants will be suspended from trading on the NASDAQ Capital Market and will commence trading on the OTC Bulletin Board. The symbol is anticipated to remain TGLSW; however, investors are urged to check the OTC Bulletin Board Daily List for confirmation of the final symbol. All other terms and conditions of the warrants are unchanged, and the Company’s ordinary shares remain trading on the NASDAQ Capital Market.
NASDAQ determined to cease trading of the warrants on its exchange due to the Company’s inability to meet NASDAQ Listing Rule 5515(a)(4), which requires a minimum of 400 warrant holders.
About Tecnoglass
Tecnoglass is a leading manufacturer of hi-spec, architectural glass and windows for the global residential and commercial construction industries. Headquartered in Barranquilla, Colombia, Tecnoglass operates out of a 1.2 million square foot vertically-integrated, state-of-the-art manufacturing complex that provides easy access to the Americas, the Caribbean, and the Pacific. Tecnoglass sells to more than 300 customers in North, Central and South America, and exports approximately 43% of its production to foreign countries, with the United States accounting for approximately 30% of Company revenues in 2012. Tecnoglass’s tailored, high-end products are found on some of the world’s most distinctive properties, including the El Dorado Airport (Bogota), Imbanaco Medical Center (Cali), Trump Plaza (Panama), Trump Tower (Miami), and The Woodlands (Houston).
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’s 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’s 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, changes in assumptions or otherwise.
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Contacts:
The Equity Group Inc.
Devin Sullivan, Senior Vice President
212-836-9608
dsullivan@equityny.com
Thomas Mei, Associate
212-836-9614
tmei@equityny.com