Why SPAC Redwoods Acquisition Shares Are Skyrocketing Friday?
Why SPAC Redwoods Acquisition Shares Are Skyrocketing Friday?
Redwoods Acquisition Corp. (NASDAQ:RWOD) shares traded higher on Friday after the company announced that shareholders had approved its merger agreement with Anew Medical.
红杉收购公司（纳斯达克股票代码：RWOD）周五股价上涨，此前该公司宣布股东已批准与Anew Medical的合并协议。
Following the consummation of the transactions, Redwoods will change its name to Anew Medical, the company said in an exchange filing (April 18).
该公司在一份报告中表示，交易完成后，Redwoods将更名为Anew Medical 交易所申报 （4月18日）。
On May 30, 2023, Redwoods Acquisition entered into a business combination agreement with Anew Medical Sub, Inc.
2023 年 5 月 30 日，Redwoods Acquisition 与 Anew Medical Sub, Inc. 签订了业务合并协议。
The transaction values the combined company at a pro forma enterprise value of approximately $94.0 million, with existing ANEW stockholders rolling over 100% of their equity into the combined company.
该交易估值合并后的公司的预计企业价值约为9,400万美元，现有ANEW股东将其100％的股权转入合并后的公司。
The transaction is expected to provide approximately $54 million of cash proceeds, assuming no redemptions by Redwoods stockholders.
假设Redwoods股东没有赎回，该交易预计将提供约5400万美元的现金收益。
According to Benzinga Pro, RWOD stock has lost over 22% in the past year.
根据Benzinga Pro的数据，RWOD的股票在过去一年中下跌了22％以上。
Last year, the company received a delinquency notification letter from Nasdaq due to its failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023.
去年，该公司收到了纳斯达克的拖欠通知信，原因是该公司未能及时提交截至2023年3月31日的季度期的10-Q表季度报告。
Price Action: RWOD shares are trading higher by 53.80% to $12.30 at the last check Wednesday.
价格走势：在周三的最后一次检查中，RWOD股价上涨了53.80％，至12.30美元。
Image via Shutterstock
图片来自 Shutterstock