Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 32

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 $11.50 
  
    Term (years) 
     7.0 
  
    Annual risk-free rate 
     4.16%
  
    Annual volatility after expected business combination date 
     5.0%

The
Warrants are not remeasured subsequent to the date of the Initial Public Offering.

Note
9 — Segment Information

FASB
ASC Topic 280, “Segment Reporting” establishes standards for companies to report in their financial statement information
about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of
an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating
decision maker (the “CODM”), or group, in deciding how to allocate resources and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, Management has determined that the Company
only has one operating segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statements of operations as net income or loss. The measure of segment assets is reported on the accompanying condensed balance
sheets as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM
reviews several key metrics, which include the following:

Schedule of Segment Information 

    For the Three Months Ended September 30, 2025  
    For the Nine Months Ended September 30, 2025  
    For the Period from July 3, 2024 (inception) through September 30, 2024 
  
    General and administrative costs 
    $604,405  
    $910,312  
    $43,124 
  
    Interest earned on investments in Trust Account 
    $1,380,897  
    $4,119,843  
    $— 

    September 30,
2025  
    December 31,
2024 
  
    Investments in Trust Account 
    $131,283,264  
    $127,163,421 

    19

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)