Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 14

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 numerator and denominator used to compute basic and diluted net income per Ordinary
Share for each class of Ordinary Shares:

 Schedule of Reconciliation of the Numerator and Denominator Used to Compute Basic and Diluted Net Income Per Ordinary Share

    For the Three Months Ended
                                                                          March 31, 2025 

     Class
                                            A  
     Class
                                            B 
  
    Basic
    and diluted net income per Ordinary Share: 

    Numerator: 

    Allocation
    of net income 
    $902,517  
    $330,234 
  
    Denominator: 

    Weighted-average
    shares outstanding 
     12,650,000  
     4,628,674 
  
    Basic
    and diluted net income per Ordinary Share 
    $0.07  
    $0.07 

Recent
Accounting Pronouncements

Management
does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect
on the accompanying condensed financial statements.

Note
3 — Initial Public Offering

Pursuant
to the Initial Public Offering, on November 12, 2024, the Company sold 12,650,000 Units, which included the full exercise of the Over-Allotment
Option in the amount of 1,650,000 Option Units, at a price of $10.00 per Unit. Each Unit consists of one Class A Ordinary Share and one-half
of one redeemable Public Warrant. Each whole Public Warrant entitles the holder to purchase one Class A Ordinary Share at a price of
$11.50 per share, subject to adjustment. Each Public Warrant will become exercisable 30 days after the completion of the initial Business
Combination and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation.

Note
4 — Private Placement

Simultaneously
with the closing of the Initial Public Offering, the Sponsor, BTIG and Criag-Hallum purchased an aggregate of 5,145,722 Private Placement
Warrants at a price of $1.00 per Private Placement Warrant, or $5,145,722 in the aggregate, in the Private Placement. Of those 5,145,722
Private Placement Warrants, the Sponsor purchased 4,007,222 Private Placement Warrants and BTIG and Criag-Hallum, together, purchased
an