---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-079137"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2023-09-25T23:59:59+00:00"
generated_at: "2026-06-10T09:21:43.602091+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Redwoods Acquisition Corp. enters $120K promissory note with sponsor, convertible at $10/share

## Summary
- Unsecured, non-interest bearing note issued to Redwoods Capital LLC for up to $120,000.
- Principal due upon closing of initial business combination (DeSPAC) or liquidation.
- Sponsor may convert unpaid principal into common shares at $10.00/share upon a DeSPAC.
- Note includes trust waiver; no recourse to IPO trust account for repayment.

## SEC filing metadata
- accession: 0001213900-23-079137
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2023-09-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390023079137/0001213900-23-079137-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390023079137/ea185721-8k_redwoods.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-079137
- JSON: https://secwatch.observer/filing/0001213900-23-079137.json
- Plain text: https://secwatch.observer/filing/0001213900-23-079137.txt

## Key facts
- Material Agreements
  Greenland Mines Ltd entered into Note with Redwoods Capital LLC valued at $120,000 (effective 2023-09-23).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Redwoods Capital LLC
  - Value: $120,000
  - Effective: 2023-09-23
  source text: On September 23, 2023, Redwoods Acquisition Corp. (“RWOD”) issued an unsecured, non-interest bearing promissory note in the principal amount of $120,000 (the “ Note ”) to Redwoods Capital LLC, RWOD’s sponsor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390023079137/0001213900-23-079137-index.htm

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