---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-023368"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:54:26.754018+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Redwoods Acquisition Corp. issues $150,000 promissory note to sponsor for working capital

## Summary
- Issued $150,000 unsecured, non-interest bearing promissory note to sponsor Redwoods Capital LLC.
- Maturity upon closing of a business combination or liquidation; may be repaid in cash or converted into units at $10.00 per unit.
- Payee waived claims against trust account; note is convertible into units identical to private placement units.
- Principal can be drawn down in increments of $10,000 or more, up to $150,000 total.

## SEC filing metadata
- accession: 0001213900-23-023368
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390023023368/0001213900-23-023368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390023023368/ea175627-8k_redwoods.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-023368
- JSON: https://secwatch.observer/filing/0001213900-23-023368.json
- Plain text: https://secwatch.observer/filing/0001213900-23-023368.txt

## Key facts
- Material Agreements
  Greenland Mines Ltd entered into Unsecured, Non-Interest Bearing Promissory Note with Redwoods Capital LLC valued at $150,000 (effective 2023-03-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Redwoods Capital LLC
  - Value: $150,000
  - Effective: 2023-03-22
  source text: On March 22, 2023, Redwoods Acquisition Corp. (the “ Company ”) issued an unsecured, non-interest bearing promissory note in the principal amount of $150,000 (the “ Note ”) to Redwoods Capital LLC, the Company’s sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023023368/0001213900-23-023368-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.