The new SPAC intends to focus on the carbon neutral and energy storage industries with an enterprise value of approximately $250 million to $1 billion. Redwoods is led by CEO Jiande Chen and CFO Edward Cong Wang.
Total SPAC deal count for 2022 year-to-date is now 54. This offering is expected to close on Monday, April 4.
Chardan, the representative of the underwriters, is acting as sole book-running manager of the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.