Redwoods SPAC files restated ANEW Medical audited financials; prior auditor barred by SEC

Greenland Mines Ltd

ANEW Medical net loss $707K in FY2023 vs $599K in FY2022; accumulated deficit $3.9M.
New auditor Yusufali & Associates re-audited 2022 and audited 2023 after B.F. Borgers barred by SEC.
Cash at Dec 2023 was $2,808; going concern doubt flagged in audit opinion.
Five German anti-cancer drugs acquired in Sep 2022 for $1.39M; no revenue yet.
Business combination with Redwoods expected to close in 2024, subject to approvals.

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