04:17 PM EDT, 06/25/2024 (MT Newswires) -- Tecnoglass ( TGLS ) said late Tuesday its board has launched a review of the company's strategic alternatives.

There's no deadline or a definitive timetable set for completion of the review process, the company said, adding there's no assurance it will result in the company seeking a transaction or any other particular outcome.

The company also said it's reiterating its guidance for full-year 2024 provided on May 9.

Tecnoglass ( TGLS ) shares were rising 9.8% in recent after-hours trading.