BRIEF-Anew Medical Inc Enters Into Definitive Merger Agreement With Redwoods Acquisition Corp

Redwoods Acquisition Corp: * ANEW MEDICAL, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH REDWOODS ACQUISITION CORP.

* REDWOODS ACQUISITION CORP - PROPOSED DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY US$94.0 MILLION * REDWOODS ACQUISITION CORP - POST CLOSE, COMBINED COMPANY WILL OPERATE AS ANEW MEDICAL AND EXPECTS TO REMAIN LISTED ON NASDAQ

* REDWOODS ACQUISITION - DEAL EXPECTED TO PROVIDE ABOUT US$54 MILLION OF CASH PROCEEDS, ASSUMING NO REDEMPTIONS BY STOCKHOLDERS Source text for Eikon: Further company coverage: