Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 39

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,207, which consisted of interest earned on investments held in
the Trust Account of $4,119,843 and interest earned on funds kept in the bank account of $31,676, offset by operating expenses of $910,312.

For
the period from July 3, 2024 (inception) through September 30, 2024, we had a net loss of $43,124, which primarily consisted of operating
expenses.

Liquidity,
Capital Resources and Going Concern

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $126,879,500
was initially placed in the Trust Account. We incurred $7,538,114 in Initial Public Offering related costs, including $2,530,000 of cash
underwriting fees, the Deferred Fee of up to $4,427,500, and $580,614 of other offering costs.

For
the nine months ended September 30, 2025, net cash used in operating activities was $807,434. Net income of $3,241,207, which includes
interest earned on marketable securities held in the Trust Account of $4,119,843 and changes in operating assets and liabilities, provided
$71,202 of cash from operating activities.

For
the period from July 3, 2024 (inception) through September 30, 2024, net cash used in operating activities was $0.

As
of September 30, 2025 and December 31, 2024, we had cash and investments held in the Trust Account of $131,283,264 and $127,163,421
(including $4,403,764 and $283,921 of interest income). We may withdraw interest from the Trust Account to pay taxes, if any. We
intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the
Trust Account (which interest shall be net of taxes payable, if any, and exclude the Deferred Fee), to complete our Business
Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business
Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the
post-Business Combination company, to make other acquisitions and to pursue  growth strategies.

To
mitigate the