Friday, June 21, 2024

Equity Corporate Actions Alert #2024 - 298
Information Regarding the Business Combination of Redwoods Acquisition Corp. (RWOD/R/W/U) and ANEW MEDICAL, INC.


  • Industry Announcement

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The business combination of Redwoods Acquisition Corp. (RWOD/R/W/U) and ANEW Medical, Inc. Wyoming (listed OTC as LEAS under the former name of Strategic Asset Leasing Inc.) closed today, Friday, June 21, 2024. Following the completion of the business combination, the company's Common stock (RWOD) will remain listed on Nasdaq Global Market and Warrants (RWODW) will move to Nasdaq Capital Market and both securities will undergo a name, symbol and CUSIP number change. The company's Rights (RWODR) and Units (RWODU) will be suspended from trading. These actions will become effective on Monday, June 24, 2024.

As a result of the merger, each share of pre-business combination Strategic Asset Leasing Inc. Common Stock (OTC: LEAS) will be exchanged for 0.00004 of a share of ANEW MEDICAL, INC. Common Stock New (Nasdaq: WENA). OTC symbol LEAS represents the former name of the company on a pre-reverse stock split basis (1-2500 R/S). In 2022, the corporate name was changed to ANEW Medical, Inc. and a reverse stock split was effectuated with the State of Wyoming. Please refer to the FINRA daily list for details.

The details of the name & CUSIP changes are follows:

Current Company Name & Issue Type: Redwoods Acquisition Corp. Common Stock
New Company Name & Issue Type: ANEW MEDICAL, INC. Common Stock
Current CUSIP: 758083109
New CUSIP: 03465T108
Current Symbol: RWOD
New Symbol: WENA
Marketplace Effective Date: June 24, 2024

Current Company Name & Issue Type: Redwoods Acquisition Corp. Warrant
New Company Name & Issue Type: ANEW MEDICAL, INC. Warrant expiring 06/21/2029
Current CUSIP: 758083117
New CUSIP: 03465T116
Current Symbol: RWODW
New Symbol: WENAW
Marketplace Effective Date: June 24, 2024

If you would like to register as a market maker in WENA or WENAW, contact Nasdaq Trading Services at +1 212 231 5100.

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