Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 44

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 their Founder Shares and any Class A Ordinary Shares issued upon conversion thereof
until the earlier to occur of (i) six months after the completion of the initial Business Combination or (ii) the date on which we completes
liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of our shareholders
having the right to exchange their Class A Ordinary Shares for cash, securities or other property. Any permitted transferees will be subject
to the same restrictions and other agreements as our Sponsor, directors and officers with respect to any Founder Shares. Notwithstanding
the foregoing, if (x) the closing price of the Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
after the initial Business Combination or (y) if we consummate a transaction after the initial Business Combination that results in our
shareholders having the right to exchange their shares for cash, securities or other property, the Founder Shares will be released from
the lock-up described above.

Critical
Accounting Estimates and Policies

We
have identified the following as our critical accounting policies. See Note 2—”Summary of Significant Accounting Policies”
of our unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial Statements”
for additional information regarding these critical accounting policies and other significant accounting policies.

Use
of Estimates

The
preparation of the unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial
Statements” in conformity with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets
and liabilities, income and expenses, and the disclosure of contingent assets and liabilities, in our unaudited condensed financial statements.
These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation.
Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances,
the results of which form the basis for making judgments, and we evaluate these estimates on an ongoing basis. To the extent actual experience
differs from the assumptions used, our unaudited condensed financial statements and notes thereto included in this Report under Item
1. “Financial Statements” could be materially affected. We believe that the following accounting policies involve a higher
degree of judgment