---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-045945"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:40:25.697371+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Redwoods Acquisition Corp. to acquire ANEW Medical in $60M stock deal with $5M PIPE

## Summary
- Implied ANEW equity value of $60M; ANEW stockholders receive Redwoods common stock.
- PIPE investment of at least $5M at $10/share required before closing.
- Up to 5M contingent consideration shares based on $12.50, $15, $20 stock price milestones.
- Sponsor places 1.375M Founder Shares into escrow with same earnout triggers.
- Closing conditions include stockholder votes, Nasdaq listing, and HSR clearance.

## SEC filing metadata
- accession: 0001213900-23-045945
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390023045945/0001213900-23-045945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390023045945/ea179544-8k_redwoods.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-045945
- JSON: https://secwatch.observer/filing/0001213900-23-045945.json
- Plain text: https://secwatch.observer/filing/0001213900-23-045945.txt

## Key facts
- Material Agreements
  Greenland Mines Ltd entered into Business Combination Agreement with ANEW MEDICAL, INC. (effective 2023-05-30).
  - Action: entry
  - Agreement: merger
  - Counterparty: ANEW MEDICAL, INC.
  - Effective: 2023-05-30
  source text: On May 30, 2023, Redwoods Acquisition Corp., a Delaware corporation (the “ Company ” or “ Redwoods ”), entered into a business combination agreement (the “ Business Combination Agreement ”) by and among the Company, ANEW MEDICAL SUB, INC., a Wyoming corporation (“ Merger Sub ”), and ANEW MEDICAL, INC., a Wyoming corporation (“ ANEW ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023045945/0001213900-23-045945-index.htm

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