Tecnoglass (TGLS) Announces Review of Strategic Alternatives

Tecnoglass, Inc. (NYSE: TGLS) today announced that its Board of Directors is conducting a review of the Company’s strategic alternatives with the assistance of outside financial and legal advisors. The Board of Directors is committed to acting in the best interests of the Company.

There is no deadline or definitive timetable set for completion of the strategic alternatives review process and there can be no assurance that this process will result in the Company pursuing a transaction or any other particular outcome.

The Company does not intend to make any further public comment regarding its review of strategic alternatives until the Board of Directors has approved a specific course of action or the Company determines that additional disclosure is appropriate or necessary.

Reiterates Full Year 2024 Outlook
The Company is reaffirming its financial outlook for full year 2024 provided on May 9, 2024.

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