Redwoods Acquisition Corp
For the period ended Dec 31, 2023. Filed Apr 17, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 17, 2024
GRML$3.84+7.6%Stored close · as of Nov 6, 2026
Contents
Statements of Operations
| For the year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| General and administrative expenses | $1,225,241 | $533,992 |
| Franchise tax expense | 75,600 | 123,026 |
| Loss from operations | (1,300,841) | (657,018) |
| Interest earned on investment held in Trust Account | 3,364,038 | 1,656,478 |
| Change in fair value of warrant liabilities | (26,500) | 555,917 |
| Income before income taxes | 2,036,697 | 1,555,377 |
| Income tax provision | (690,572) | (322,025) |
| Net income | $1,346,125 | $1,233,352 |
| Basic and diluted weighted average shares outstanding, redeemable common stock | 6,350,072 | 8,526,027 |
| Basic and diluted net income per share, redeemable common stock | 0.34 | 1.05 |
| Basic and diluted weighted average shares outstanding, non-redeemable common stock | 3,405,000 | 3,236,568 |
| Basic and diluted net loss per share, non-redeemable common stock | $(0.23) | $(2.39) |
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