Tecnoglass rejects ‘false, misleading’ claims in short seller report

Tecnoglass (TGLS) 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.”