We intend to focus on the carbon neutral and energy storage industries. Our search for target companies will concentrate on those with enterprise values between $250 million and $1 billion. (Incorporated in Delaware) 

Although our sponsor (Redwoods Capital LLC) and certain members of our board of directors and management have significant business ties to or are based in the People’s Republic of China, we have determined that because of uncertainties in the regulatory climate in these jurisdictions, and the potential for future governmental actions which might unfavorably impede future operations, we will not consider or undertake a business combination with an entity or business with its principal or a majority of its business operations (either directly or through any subsidiaries) in the People’s Republic of China (including Hong Kong and Macau).

(Note: Redwoods Acquisition Corp. priced its SPAC IPO on March 30, 2022, apparently in line with the terms in its prospectus: 10 million units at $10 each to raise $100 million. On Thursday, March 31, before the U.S. stock market’s open, there was no pricing announcement describing the pricing terms; the SEC declared the deal effective on March 30. Redwoods Acquisition Corp.’s pricing brings the 2022 total of SPAC IPOs to 54.)