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Redwoods Acquisition Corp. Rights (RWODR) is a special purpose acquisition company (SPAC) focused on acquiring businesses in the technology, healthcare, and consumer sectors. With a strong track record of successful mergers and acquisitions, RWODR aims to identify promising companies with growth potential and provide them with the necessary resources for expansion. The company's team of seasoned professionals brings a wealth of experience in finance, management, and strategic planning to ensure the success of its acquisition targets.
ANEW Medical, a biopharmaceutical tech firm focused on CNS and neurodegenerative treatments, and Redwoods Acquisition Corp (RWOD) have finalized their merger. The combined entity will trade on the Nasdaq under 'WENA' and 'WENAW'.
ANEW's CEO, Dr. Joseph Sinkule, highlighted the merger's role in accessing Nasdaq's international investors and advancing their three major platform technologies. RWOD's CEO, Jiande Chen, expressed enthusiasm for ANEW's potential in developing gene therapies for aging-related diseases.
Each ANEW share, previously trading under 'LEAS', will convert to 1/25,000th of a Merger Consideration share, with fractional shares rounded up. Key advisors included Chardan, Cyruli Shanks & Zizmor, Hunter Taubman Fischer & Li, and Loeb & Loeb.
Redwoods Acquisition Corp. (RWOD) successfully closed its initial public offering on April 4, 2022, raising $100 million by selling 10 million units at $10 each. Each unit consists of one share, one warrant, and one right for future shares, and they began trading on Nasdaq under the symbol RWODU on March 31, 2022. Chardan managed the offering, which includes an option for underwriters to purchase an additional 1.5 million units. The funds will be utilized for potential mergers in carbon-neutral and energy storage sectors.
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