Company: WLACW
Filing Date: 2025-09-15
Form Type: 425
Source: 0001493152-25-013540
Chunk: 2

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-09-15
Form: 425
Chunk 2
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ursuant to the Business Combination Agreement, subject to the terms and conditions set forth therein, upon the consummation of the transactions contemplated thereby (the “Business Combination”), (i) SPAC Merger Sub will merge with and into Willow Lane, with Willow Lane continuing as the surviving entity (the “SPAC Merger”) and as a result of which each issued and outstanding security of Willow Lane immediately prior to the effective time of the SPAC Merger shall no longer be outstanding and shall automatically be cancelled in exchange for which the security holders of Willow Lane shall receive substantially equivalent securities of Pubco and (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”), and as a result of which each issued and outstanding security of Boost Run immediately prior to the effective time of the Company Merger shall no longer be outstanding and shall automatically be cancelled in exchange for which the security holders of Boost Run shall receive shares of common stock of Pubco and (iii) as a result of which Mergers, Willow Lane and Boost Run will become wholly-owned subsidiaries of Pubco and Pubco will become a publicly traded company.

The aggregate consideration to be paid in connection with the Business Combination will consist of (i) a number of newly issued shares of Pubco common stock equal to Four Hundred and Forty One Million and Five Hundred Thousand U.S. Dollars ($441,500,000) divided by Ten U.S. Dollars ($10.00) and (ii) an installment note in the initial principal amount of Eight Million Five Hundred Thousand U.S. Dollars ($8,500,000) to be issued to Andrew Karos, Chief Executive Officer of Boost Run.

In addition, Mr. Karos will have a contingent right to receive up to 7,875,000 newly issued shares of Pubco Class A common stock (the “Earnout Shares”), based on the performance of the Pubco Class A common stock (the “Share Price Targets”) during the three-year period after the Closing (the “Earnout Period”), in three equal tranches, subject to the following conditions:

| (i)   | one-third                                                                                                                          
 of the Earnout Shares, if, within the Earnout Period, the VWAP of Pubco Class A common stock equals or exceeds $12.50 per share,   
 subject to adjustments, for a period of at least 20 out of 30 consecutive