Redwoods Acquisition has just entered the stock market to publicly trade under the ticker symbol “RWODU” and doing good by growing over its initial price of $10 per share.
Is RWODU stock the next DWAC or PSTH?
There are so many speculations around SPAC that assist small-cap innovative firms to get on their feet and start expanding. Sometimes being absorbed by SPAC doesn’t give a huge chance to grow further. DWAC is a phenomenon born from acquisition talks regarding Trump’s social network platform. A similar story happened to PSTH when Universal Music had a possible SPAC merger deal. In Redwood’s case, another story may happen while its acquisition criteria include Carbon Footprint/Carbon neutral, Energy Storage, Software Developing.