Redwoods Acquisition Corp. announces separate trading of its common shares, warrants and rights, effective April 29, 2022
NEW YORK, April 27, 2022 /PRNewswire/ — Redwoods Acquisition Corp. (“RWOD”) announced today that effective April 29, 2022holders of units sold as part of the Company’s initial public offering on April 4, 2022 may elect to separately trade the common shares of RWOD, and the warrants and rights included in such units, on the Nasdaq Global Market (“Nasdaq”).
The common stock, warrants and rights that are separated will trade on the Nasdaq under the symbols “RWOD”, “RWODW” and “RWODR”, respectively. The unseparated units will continue to trade on the Nasdaq under the symbol “RWODU”. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, RWOD’s transfer agent, to separate the units into common stock, warrants and rights.
The units were originally offered by RWOD as part of a subscribed offering. Chardan acted as sole bookrunner to the offering. A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on March 30, 2022. The offer has been made solely by means of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004, or by calling (646) 465-9001. Copies of the registration statement may be viewed on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
About Redwoods Acquisition Corp.
RWOD is led by the founder Jiande Chen (CEO). RWOD is a blank check corporation formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with a or more companies. While there are no restrictions or limitations on the industry or geographic region in which its target operates, RWOD intends to focus on carbon neutral and energy storage industries. The proceeds of the offering will be used to finance this business combination.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including with respect to the intended use of proceeds from the Company’s IPO and the Company’s pursuit of an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ from forecasts. research statements. RWOD expressly disclaims any obligation or undertaking to publicly release any updates or revisions to the forward-looking statements contained herein to reflect any change in RWOD’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
SOURCE Redwoods Acquisition Corp