--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-027040" form_type: "8-K" ticker: "GRML" cik: "0001907223" company_name: "Greenland Mines Ltd" filed_at: "2023-04-04T23:59:59+00:00" generated_at: "2026-06-17T06:39:19.372633+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Redwoods Acquisition Corp. stockholders approve extension to Dec 2023; 6.1M shares redeemed (41%) ## Summary - Stockholders approved charter amendment extending business combination deadline from April 4 to July 4, 2023, with monthly extensions to Dec 4, 2023. - 6,103,350 shares (approx. 41% of outstanding) redeemed in connection with the special meeting. - $360,000 promissory note issued to sponsor Redwoods Capital LLC, convertible into units at $10 per share upon a business combination. - Trust agreement amended to allow extensions upon deposit: $360,000 for initial 3-month extension, $120,000 per month thereafter. ## SEC filing metadata - accession: 0001213900-23-027040 - form_type: 8-K - ticker: GRML - cik: 0001907223 - company_name: Greenland Mines Ltd - filed_at: 2023-04-04T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 5.07, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/0001213900-23-027040-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/ea176426-8k_redwoods.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-027040 - JSON: https://secwatch.observer/filing/0001213900-23-027040.json - Plain text: https://secwatch.observer/filing/0001213900-23-027040.txt ## Key facts - Material Agreements Greenland Mines Ltd entered into Promissory Note with Redwoods Capital LLC valued at Unsecured, non-interest bearing promissory note in principal amount of $360,000 (effective 2023-03-30). - Action: entry - Agreement: notes offering - Counterparty: Redwoods Capital LLC - Value: Unsecured, non-interest bearing promissory note in principal amount of $360,000 - Effective: 2023-03-30 source text: On March 30, 2023, RWOD issued an unsecured, non-interest bearing promissory note in the principal amount of $360,000 (the “ Note ”) to Redwoods Capital LLC, RWOD’s sponsor. evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/0001213900-23-027040-index.htm - Material Agreements Greenland Mines Ltd amended Investment Management Trust Agreement Amendment with Continental Stock Transfer & Trust Company valued at Amendment to Investment Management Trust Agreement dated March 30, 2022 (effective 2023-04-04). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Value: Amendment to Investment Management Trust Agreement dated March 30, 2022 - Effective: 2023-04-04 source text: Redwoods Acquisition Corp. (“ RWOD ”) and Continental Stock Transfer & Trust Company entered into an amendment, dated April 4, 2023, to the Investment Management Trust Agreement, dated March 30, 2022, by and between Continental Stock Transfer & Trust Company and RWOD (the “ IMTA Amendment ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/0001213900-23-027040-index.htm - Shareholder Votes Greenland Mines Ltd shareholders approved Proposal to amend RWOD's Amended and Restated Certificate of Incorporation to extend the date by which RWOD must consummate a business combination at the 2023-03-31 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-03-31 source text: Proposal to amend RWOD's Amended and Restated Certificate of Incorporation to allow RWOD to extend the date by which RWOD must consummate a business combination (the "Extension") from April 4, 2023 (the date that is 12 months from the closing date of RWOD's initial public offering of units (the "IPO")) to July 4, 2023 (the date that is 15 months from the closing date of the IPO) (the "Amended Date") and on a monthly basis up to five times from the Amended Date to December 4, 2023 (the date that is 20 months from the closing date of the IPO) 11,728,754 1,185,182 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/0001213900-23-027040-index.htm - Shareholder Votes Greenland Mines Ltd shareholders approved Proposal to amend the Investment Management Trust Agreement to allow RWOD to extend the date on which the Trustee must liquidate the trust account at the 2023-03-31 meeting. - Outcome: passed - Meeting: 2023-03-31 source text: Proposal to amend the Investment Management Trust Agreement, dated March 30, 2022, by and between RWOD and Continental Stock Transfer & Trust Company (the "Trustee"), to allow RWOD to extend the date on which the Trustee must liquidate the trust account established by RWOD in connection with the IPO (the "trust account") if RWOD has not completed its initial business combination, from April 4, 2023 (the date that is 12 months from the closing date of the IPO) to July 4, 2023 (the date that is 15 months from the closing date of the IPO) and on a monthly basis up to five times from the Amended Date to December 4, 2023 (the date that is 20 months from the closing date of the IPO) by depositing into the trust account $360,000 for the initial three-month Extension and $120,000 per month for each subsequent one-month Extension 11,728,754 1,185,182 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023027040/0001213900-23-027040-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.