last merger RWOD tried didn't happen:
Redwoods Acquisition Abandons Merger Plans with Xin Bo Xing
11:32 am ET January 3, 2023 (Dow Jones) Print
By Denny Jacob
Redwoods Acquisition Corp. on Tuesday said it no longer plans to merge with Xin Bo Xing Group Ltd.
The special purpose acquisition company said it signed an agreement of intent with Xin Bo Xing, a material technology research and development company, on Dec. 12. Redwoods said at the time that it expected to get listed on to the Nasdaq through the merger in the near future.
last 10-Q was almost 2 months late and almost delisted them from NASDAQ:
HomepageEquitiesUnited StatesNasdaqRedwoods Acquisition Corp.NewsSummary RWOD US7580831094
United States REDWOODS ACQUISITION CORP. (RWOD) Add to my list
Real-time Estimate Cboe BZX - 0:31:12 2023-06-09 am
10.44 USD +0.10%
05/31 Redwoods Acquisition Corp. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K)
REDWOODS ACQUISITION CORP. : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits (form 8-K)
05/31/2023 | 04:33pm EDT
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 24, 2023, Redwoods Acquisition Corp. (the "Company") received a delinquency notification letter (the "Notice") from the Listing Qualifications Staff (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the "Form 10-Q"). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC").
The Company filed the Form 10-Q with the SEC on May 24, 2023.
On May 30, 2023, the Company received a letter from Nasdaq indicating that based on the Company's May 24, 2023 filing of the Form 10-Q, the staff has determined that the Company has complied with the Listing Rule and, accordingly, the matter was closed. As a result, the Company is currently in compliance with the Nasdaq Listing Rules and the Company's securities will continue to trade on The Nasdaq Global Market.
As required under Nasdaq Listing Rule 5810(b), the Company issued a press release on May 31, 2023, announcing that it had received the Notice. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.
beware of the pump it will leave you in the dump
