---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-054153"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:43:17.034467+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-054153
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390024054153/0001213900-24-054153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390024054153/ea0208158-8k425_redwoods.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-054153
- JSON: https://secwatch.observer/filing/0001213900-24-054153.json
- Plain text: https://secwatch.observer/filing/0001213900-24-054153.txt

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