Redwoods (RWODU) Stock Starts Gaining On IPO Day

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.

rwodu stock