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Redwoods Acquisition Corp.'s Lock-Up Period To End on September 27th (NASDAQ:RWODU)

Defense World ·  Sep 20, 2022 01:21

Redwoods Acquisition's (NASDAQ:RWODU – Get Rating) lock-up period will expire on Tuesday, September 27th. Redwoods Acquisition had issued 10,000,000 shares in its public offering on March 31st. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Redwoods Acquisition Stock Performance

RWODU opened at $9.99 on Tuesday. Redwoods Acquisition has a 52-week low of $9.02 and a 52-week high of $10.64. The company's 50 day simple moving average is $10.01.

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Hedge Funds Weigh In On Redwoods Acquisition

Hedge funds have recently made changes to their positions in the business. Clear Street LLC purchased a new position in shares of Redwoods Acquisition during the second quarter valued at approximately $120,000. Gabelli Funds LLC purchased a new stake in Redwoods Acquisition in the first quarter worth $251,000. Walleye Capital LLC purchased a new stake in Redwoods Acquisition in the first quarter worth $481,000. Spartan Fund Management Inc. purchased a new stake in shares of Redwoods Acquisition in the first quarter worth $502,000. Finally, Wealthspring Capital LLC purchased a new stake in shares of Redwoods Acquisition in the second quarter worth $600,000.

About Redwoods Acquisition

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Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.

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