NEW
YORK, April 27, 2022 /PRNewswire/
-- Redwoods Acquisition Corp. ("RWOD") announced today that,
commencing April 29, 2022, holders of
the units sold in the Company's initial public offering completed
on April 4, 2022 may elect to
separately trade the shares of common stock of RWOD, and the
warrants and rights included in such units on The Nasdaq Global
Market ("Nasdaq").
The shares of common stock, warrants and rights that are
separated will trade on Nasdaq under the symbols "RWOD," "RWODW"
and "RWODR," respectively. Those units not separated will
continue to trade on Nasdaq under the symbol "RWODU." Holders of
units will need to have their brokers contact Continental Stock
Transfer & Trust Company, RWOD's transfer agent, in order to
separate the units into shares of common stock, warrants and
rights.
The units were initially offered by RWOD in an underwritten
offering. Chardan acted as sole book-running manager of the
offering. A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on March 30, 2022. The
offering was made only 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 can be
accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any 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 any such state or
jurisdiction.
About Redwoods Acquisition Corp.
RWOD is led by founder Jiande
Chen (CEO). RWOD is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
stock purchase, recapitalization, reorganization or similar
business combination with one or more businesses. Although there is
no restriction or limitation on what industry or geographic region
its target operates in, RWOD intends to focus on the carbon neutral
and energy storage industries. The proceeds of the offering will be
used to fund such business combination.
Cautionary Note Concerning Forward-Looking
Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the anticipated use of the
proceeds from the Company's initial public offering and the
Company's search for an initial business combination, are subject
to risks and uncertainties, which could cause actual results to
differ from the forward-looking statements. RWOD expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any 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.
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SOURCE Redwoods Acquisition Corp