Streetbeat News

RWOD

Redwoods Acquisition Corp

Open

5.79

Mkt cap

12M

Volume

140K

High

5.79

P/E Ratio

-78.00

52-wk high

13.10

Low

2.22

Div yield

N/A

52-wk low

2.22

Super Micro Computer, Inc. (SMCI) shares fell by 13.2% after the company announced its third-quarter earnings date without providing preliminary estimates, unlike the previous quarter. Other stocks showed significant movement, with notable gainers including Next.e.GO N.V. (EGOX) and Redwoods Acquisition Corp. (RWOD), and losers like Sunshine Biopharma, Inc. (SBFM) and iSpecimen Inc. (ISPC).

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 5:25 pm

Redwoods Acquisition Corp. (RWOD) shares surged after shareholders approved a merger with Anew Medical, changing its name to Anew Medical post-transaction. The deal, valued at $94 million, is expected to provide $54 million in cash proceeds. RWOD's stock has declined over 22% in the past year but jumped 53.80% to $12.30 recently. Last year, RWOD received a delinquency notice from Nasdaq for not filing its Q1 report on time.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 2:09 pm

Netflix shares dropped 7% following Q1 financial results. Cohen & Steers shares rose 7% as it's set to join the S&P SmallCap 600. Redwoods Acquisition shares surged 217% after shareholders approved its merger with Anew Medical.

Portfolio Pulse from ryanfaloona@benzinga.com

April 19, 2024 | 12:36 pm

Redwoods Acquisition's shares surged following the announcement that its shareholders approved the merger agreement with Anew Medical, indicating a positive market response to the merger news.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 11:40 am

Redwoods Acquisition Corp (RWOD) announced in an 8-K filing that its shareholders have approved a merger agreement with Anew Medical.

Portfolio Pulse from Charles Gross

April 19, 2024 | 10:02 am

Wang & Lee Group, Inc. (WLGS) shares surged 37.7% in pre-market trading after reporting improved FY23 financial results, with a reduced loss per share and increased revenue. Other stocks also showed significant movement in pre-market trading, with notable gainers including Redwoods Acquisition Corp. (RWOD), Zhongchao Inc. (ZCMD), and Trio Petroleum Corp. (TPET), among others. On the losing side, BioNexus Gene Lab Corp. (BGLC) and Tian Ruixiang Holdings Ltd (TIRX) saw significant drops, alongside other decliners.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 9:45 am

ANEW Medical, Inc. (OTCPK: LEAS), a US-based biotech company, has been granted a patent in China for its Klotho protein and gene delivery systems for treating neurodegenerative diseases. Additionally, ANEW announced a proposed merger with SPAC Redwoods (NASDAQ: RWOD) in May 2023.

Portfolio Pulse from Charles Gross

March 04, 2024 | 10:15 am

ANEW MEDICAL has entered a definitive merger agreement with SPAC company Redwoods Acquisition, valuing the combined company at $94 million. The transaction is expected to provide $54 million in cash proceeds and the combined company will operate as ANEW MEDICAL, remaining listed on NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 10:05 am

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