Redwoods Capital LLC 4
4 · Redwoods Acquisition Corp. · Filed Apr 11, 2022
Insider Transaction Report
Form 4
Redwoods Capital LLC
10% Owner
Transactions
- Purchase
Warrants to purchase Common Stock
2022-04-07+37,500→ 415,000 totalExercise: $11.50→ Common Stock (37,500 underlying) - Purchase
Rights to acquire Common Stock
2022-04-07+37,500→ 415,000 total→ Common Stock (3,750 underlying) - Purchase
Common Stock
2022-04-07$10.00/sh+37,500$375,000→ 3,115,000 total
Footnotes (4)
- [F1]The reporting person acquired 37,500 units, each unit consisting of one share of common stock, one warrant to purchase one share of common stock and one right to receive one-tenth (1/10) share of common stock.
- [F2]The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
- [F3]The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
- [F4]The rights convert automatically into shares of common stock at the completion of the registrant's initial business combination.