Company: WLACW
Filing Date: 2025-09-19
Form Type: 8-K
Source: 0001493152-25-014308
Chunk: 0

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-09-19
Form: 8-K
Item: Item 1.01
Chunk 0
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Item
1.01 Entry Into a Material Definitive Agreement.

Business
Combination Agreement

General
Description of the Business Combination Agreement

On
September 15, 2025, Willow Lane Acquisition Corp., a Cayman Islands exempted company (“ Willow Lane Business Combination Agreement Boost Run Pubco SPAC Merger Sub Company Merger
Sub Merger Subs SPAC Representative Sellers Seller
Representative

Prior
to the consummation (the “ Closing Transactions SPAC Merger Company Merger Mergers Effective Time 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 $0.0001 per share, of Pubco (“ Pubco Class A Common Stock”) (the “ Earnout
Shares”), which may be earned by one of the Sellers, Mr. Karos, based on
the performance of Pubco Class A Common Stock during the three-year period after the Closing (the “ Earnout Period”),
as follows: in the event the volume-weighted average price (“ VWAP”) of the Pubco Class A Common Stock
equals or exceeds the prices below for any 20 trading days within any consecutive 30 trading days during the Earnout Period, Mr. Karos
shall be entitled to receive the following amount of Earnout Shares: (x) $12.50 per share - 2,625,000 Earnout Shares, (y)
$15.00 per share - 2,625