Redwoods Acquisition Corp

Redwoods Acquisition Corp. operates as a capital pool company. It was formed for the purpose of entering into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was founded on March 16, 2021 and is headquartered in New York, NY.

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Klotho Neurosciences, Inc. engages in the provision of new therapies to treat neurodegenerative diseases. It operates through the following segments: Generic Drugs, Gene Therapy, and Pharmaceutical Programs. The Generic Drugs segment consists of a portfolio of drugs and biosimilar biologics selling hard-to-source, difficult to find generic drugs and off-patent biologic therapies, and proprietary and patented technology platforms that include a library of melanocortin receptor-binding molecules. The Gene Therapy segment focuses on the gene therapy approach to introduce a therapeutic protein called “Klotho” inside the body to treat neurodegenerative diseases and other diseases of aging. The Pharmaceutical Programs segment includes treatments using small drug molecules that bind to the melanocortin receptors on human cells and affect skin pigmentation and other initiatives. The company was founded on August 2, 2004 and is headquartered in Omaha, NE.

Redwoods Acquisition Corp. went public recently, raising $100 million in gross proceeds. The SPAC seeks to merge with a target company in the carbon-neutral or energy storage industries.

Redwoods Acquisition Targets Carbon Neutral Or Energy Storage Merger

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.

Redwoods Acquisition Corp. Announces Closing of $100 Million Initial Public Offering

News for Redwoods Acquisition Corp Stock (RWODU)