Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 37

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 be subject to a suspension of trading and delisting from
Nasdaq. Our Sponsor may also, in its discretion, consider selling its interest in our Company to another sponsor entity, which may result
in a change to our Management Team.

Boost
Run Business Combination

On
September 15, 2025, we entered into the Boost Run Business Combination Agreement with (i) Boost Run, (ii) Pubco, (iii) the Merger
Subs, (iv) the SPAC Representative, in accordance with the terms and conditions of the Boost Run Business Combination Agreement, and
(vi) the Seller Representative, in accordance with the terms and conditions of the Boost Run Business Combination Agreement. Prior
to the Closing, we shall transfer, by way of continuation, out of the Cayman Islands and into the State of Delaware so as to
re-domicile as and become a Delaware corporation. At the Closing, (i) SPAC Merger Sub shall merge with and into our Company, with
our Company continuing as the surviving entity, as a result of which our securities immediately prior to the Effective Time shall no
longer be outstanding and shall automatically be cancelled in exchange for the certain consideration; (ii) Company Merger Sub will
merge with and into Boost Run, with Boost Run continuing as the surviving entity, as a result of which the securities of Boost Run
immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled in exchange for certain
consideration; and (iii) as a result of the Mergers, our Company and Boost Run will become wholly-owned subsidiaries of Pubco and
Pubco will become a publicly traded company.

For
more information on Boost Run and the Boost Run Business Combination, see our Current Report on Form 8-K, as filed with the SEC on September
19, 2025, and the Boost Run Registration Statement.

Recent
Developments

On
October 17, 2025, we entered into the Underwriting Agreement Amendment with BTIG, pursuant to which the Deferred Fee of 3.5% of the IPO
Proceeds payable to the Underwriters under the Underwriting Agreement upon the occurrence of the Specified Event (as defined in the Underwriting
Agreement) shall be comprised of the following components: (i) a gross spread of 2.25% of the IPO Proceeds, payable to the Underwriters
in cash, (ii) a gross spread of up to 0.