# Greenland Mines Ltd (KLTO) — restructuring/exchange_offer [announced]
Source: SEC API (secapi.ai) · situation sit_1e831dc4c45cbe7871cc · retrieved 2026-08-11T16:11:57.519Z

## Overview
Greenland Mines Ltd is a biological products company (formerly known as Klotho Neurosciences, Inc. and ANEW Medical, Inc.) engaged in the development and commercialization of biological products.

On July 21, 2026, Greenland Mines Ltd's board of directors declared a dividend of one right (a "Right") for each outstanding share of Common Stock. The dividend is payable on August 7, 2026 to stockholders of record as of the close of business on that date. Each Right entitles the registered holder to purchase one Common Share at an exercise price of $0.75, subject to certain adjustments. The Rights are governed by a Stockholder Rights Agreement dated July 22, 2026, between the Company and Continental Stock Transfer and Trust, as rights agent. The Rights will not be exercisable until the Distribution Date, which is the earlier of (i) the tenth business day following a public announcement that a person or group has acquired beneficial ownership of 15% or more of the outstanding Common Shares (an "Acquiring Person") or (ii) the tenth business day after the commencement of, or first public announcement of the intention to commence, a tender or exchange offer that would result in such person or group becoming an Acquiring Person. The Rights will expire on the earliest to occur of: (i) July 22, 2027, (ii) the date on which the rights are redeemed or exchanged by the Board of Directors, or (iii) the date of the Company's 2027 annual meeting of stockholders if requisite stockholder approval of the Rights Agreement is not obtained at such meeting.

## Terms
- Counterparty: Continental Stock Transfer and Trust · Price/share: $0.75

## Key dates
- Announced 2026-07-23 · Record 2026-08-07 · Expiry 2027-07-22

## Timeline
- 2026-07-23 · 8-K (0001213900-26-080649): 8-K - Greenland Mines Ltd — *Greenland Mines Ltd is a biological products company (formerly known as Klotho Neurosciences, Inc. and ANEW Medical, Inc.) engaged in the development and commercialization of biological products.* On July 21, 2026, Greenland Mines Ltd's board of directors declared a dividend of one right (a "Right") for each outstanding share of Common Stock. The dividend is payable on August 7, 2026 to stockholders of record as of the close of business on that date. Each Right entitles the registered holder to purchase one Common Share at an exercise price of $0.75, subject to certain adjustments. The Rights are governed by a Stockholder Rights Agreement dated July 22, 2026, between the Company and Continental Stock Transfer and Trust, as rights agent. The Rights will not be exercisable until the Distribution Date, which is the earlier of (i) the tenth business day following a public announcement that a person or group has acquired beneficial ownership of 15% or more of the outstanding Common Shares (an "Acquiring Person") or (ii) the tenth business day after the commencement of, or first public announcement of the intention to commence, a tender or exchange offer that would result in such person or group becoming an Acquiring Person. The Rights will expire on the earliest to occur of: (i) July 22, 2027, (ii) the date on which the rights are redeemed or exchanged by the Board of Directors, or (iii) the date of the Company's 2027 annual meeting of stockholders if requisite stockholder approval of the Rights Agreement is not obtained at such meeting.
  https://www.sec.gov/Archives/edgar/data/1907223/0001213900-26-080649.txt

## Citations
- 0001213900-26-080649 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080649