Redwoods Acquisition Corp. shareholders approve its merger with Anew Medical, forming a $94M company, with $54M cash proceeds.
Redwoods Acquisition Corp. (NASDAQ: RWOD) shares increased after shareholders approved its merger agreement with Anew Medical. The combined company, valued at $94.0M, will change its name to Anew Medical. The transaction is expected to provide $54M cash proceeds with no stockholder redemptions. The company had faced a delinquency notification from Nasdaq due to late filing of its Q1 2023 10-Q report.
April 19, 2024
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