Company: WLACW
Filing Date: 2025-09-19
Form Type: 425
Source: 0001493152-25-014312
Chunk: 2

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-09-19
Form: 425
Chunk 2
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 8-K but not otherwise defined herein have the meanings given to them in the Business Combination Agreement.

Prior to the consummation (the “ Closing”) of the transactions contemplated by the Business Combination Agreement (the “ Transactions”), Willow Lane 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 into Willow Lane, with Willow Lane continuing as the surviving entity (the “ SPAC Merger”), as a result of which the securities of Willow Lane immediately prior to the Effective Time shall no longer be outstanding and shall automatically be cancelled in exchange for the consideration described below; (ii) Company Merger Sub will merge with and into Boost Run, with Boost Run continuing as the surviving entity (the “ Company Merger”, and together with the SPAC Merger, the “ Mergers”), 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 the consideration described below; and (iii) as a result of the Mergers, Willow Lane and Boost Run will become wholly-owned subsidiaries of Pubco and Pubco will become a publicly traded company. As used herein, “ Effective Time” means 5:00 P.M. on the date of the Closing (or such other date and/or time as may be agreed in writing by Boost Run and Willow Lane), at which time each of the Mergers shall be consummated simultaneously by the filing of appropriate certificates of merger with the Secretary of State of the State of Delaware.

Consideration

In exchange for the cancellation
of the securities of Willow Lane, the holders of those securities will receive substantially equivalent securities of Pubco. In exchange
for the cancellation of the securities of Boost Run, the holders of interests in Boost Run as of the Effective Time (the “Sellers”)
will receive, in the aggregate: (i) an installment note to be paid by Pubco in the initial principal amount of $8,500,000 (the
“Note”) to be paid to Andrew Karos, Chief Executive Officer of Boost Run, plus (ii) a number of newly
issued shares of Pubco common stock equal to $441,500,000 divided by $10.00; plus (iii) 7,875,000 newly issued shares of Pubco Class
A Common Stock, par value $0