Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 2

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Capital  
    Deficit  
    Deficit 

    Class B  
    Additional  
       
    Total 

    Ordinary Shares  
    Paid-in  
    Accumulated  
    Shareholders’ 

    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance – December 31, 2024 
     4,628,674  
    $463  
    $—  
    $(2,914,386) 
    $(2,913,923)
  
    Balance 
     4,628,674  
    $463  
    $—  
    $(2,914,386) 
    $(2,913,923)

    Accretion for Class A Ordinary Shares to redemption amount 
     —  
     —  
     —  
     (1,363,977) 
     (1,363,977)

    Net income 
     —  
     —  
     —  
     1,232,751  
     1,232,751 

    Balance – March 31, 2025 
     4,628,674  
    $463  
    $—  
    $(3,045,612) 
    $(3,045,149)
  
    Balance 
     4,628,674  
    $463  
    $—  
    $(3,045,612) 
    $(3,045,149)

The
accompanying notes are an integral part of the unaudited condensed financial statements.

3

WILLOW
LANE ACQUISITION CORP.

CONDENSED
STATEMENT OF CASH FLOWS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net income 
    $1,232,751 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest earned on Investments in Trust Account 
     (1,363,977)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     35,720 
  
    Long Term prepaid insurance 
     (62,707)
  
    Accrued expenses 
     24,977 
  
    Net