Brief: Anew Medical Inc Enters Into Definitive Merger Agreement With Redwoods Acquisition Corp

Greenland Mines

30/05/2023 11:20

May 30 (Reuters) - Redwoods Acquisition Corp  RWOD.O :
    * ANEW MEDICAL, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT
WITH
REDWOODS ACQUISITION CORP.
    * REDWOODS ACQUISITION CORP - PROPOSED DEAL FOR ENTERPRISE
VALUE
OF APPROXIMATELY US$94.0 MILLION
    * REDWOODS ACQUISITION CORP - POST CLOSE, COMBINED COMPANY
WILL
OPERATE AS ANEW MEDICAL AND EXPECTS TO REMAIN LISTED ON NASDAQ
    * REDWOODS ACQUISITION - DEAL EXPECTED TO PROVIDE ABOUT
US$54
MILLION OF CASH PROCEEDS, ASSUMING NO REDEMPTIONS BY
STOCKHOLDERS

Source text for Eikon:  ID:nPn8wgpNxa 
Further company coverage:  RWOD.O 

 ((Reuters.Briefs@thomsonreuters.com;))