Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 18

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
,527,398 
  
    Plus: 

    Accretion for Class A Ordinary Shares to redemption amount 
     1,374,969 
  
    Class A Ordinary Shares subject to possible redemption, June 30, 2025 
    $129,902,367 
  
    Plus: 

    Accretion for Class A Ordinary Shares to redemption amount 
     1,380,897 
  
    Class A Ordinary Shares subject to possible redemption, September 30, 2025 
    $131,283,264 

Net
Income (Loss) Per Ordinary Share

The
Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has
two classes of Ordinary Shares, Class A Ordinary Shares and Class B Ordinary Shares (as defined in Note 5). Income and losses are shared
pro rata between the two classes of Ordinary Shares. This presentation assumes a Business Combination as the most likely outcome. Net
income (loss) per Ordinary Share is calculated by dividing the net income (loss) by the weighted average Ordinary Shares outstanding
for the respective period.

The
calculation of diluted net income (loss) per Ordinary Share does not consider the effect of the Warrants issued in connection with the
Initial Public Offering and the Private Placement to purchase an aggregate of 11,470,722 Class A Ordinary Shares in the calculation of
diluted income per Ordinary Share, because their exercise is contingent upon future events. As a result, diluted net income (loss) per
Ordinary Share is the same as basic net income (loss) per Ordinary Share for the three and nine months ended September 30, 2025 and for
the period from July 3, 2024 (inception) through September 30, 2024. Accretion associated with the redeemable Class A Ordinary Shares
is excluded from earnings per Ordinary Share as the redemption value approximates fair value.

    12

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

The
following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per Ordinary
Share for each class of Ordinary Shares:

 Schedule of Reconciliation of the Numerator and Denominator Used to Compute Basic and Diluted Net Income Per Ordinary Share