GlobeNewswire Inc. · Apr 4, 2022
Redwoods Acquisition Corp. Announces Closing of $100 Million Initial Public Offering
NEW YORK, April 04, 2022 (GLOBE NEWSWIRE) -- Redwoods Acquisition Corp. (“RWOD”) announced today the closing of its initial public offering of 10,000,000 units. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $100,000,000, prior to deducting underwriting discounts and commissions and other offering expenses. Each unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.
