---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-041421"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:16:30.995815+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Redwoods Acquisition secures non-redemption agreement for up to 360K shares amid 1.59M redemptions

## Summary
- Redemption requests total 1,589,776 shares as of May 8; only 170,418 shares will remain outstanding post-redemption.
- Non-redemption agreement with backstop investors to reverse up to 360,000 shares previously submitted for redemption.
- Backstop investors receive cash from trust equal to Redemption Price ($11.20) less $5.00 per share for each reversed share.
- Agreement supports pending business combination with ANEW MEDICAL, INC.; deal closing still subject to conditions.

## SEC filing metadata
- accession: 0001213900-24-041421
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390024041421/0001213900-24-041421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390024041421/ea0205653-8k425_red.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-041421
- JSON: https://secwatch.observer/filing/0001213900-24-041421.json
- Plain text: https://secwatch.observer/filing/0001213900-24-041421.txt

## Key facts
- Material Agreements
  Greenland Mines Ltd entered into Non-Redemption Agreement with certain investors named therein (each, a Backstop Investor) (effective 2024-05-09).
  - Action: entry
  - Counterparty: certain investors named therein (each, a Backstop Investor)
  - Effective: 2024-05-09
  source text: On May 9, 2024, Redwoods Acquisition Corp. (“ RWOD ” or “ Redwoods ”) entered into a non-redemption agreement (the “ Non-Redemption Agreement ”) with certain investors named therein (each, a “ Backstop Investor ”), each acting on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by each such Backstop Investor or its affiliates.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1907223/000121390024041421/0001213900-24-041421-index.htm

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