Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 63

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 63
---
, 2024 
  
    Estimated share price 
    $9.93 
  
    Exercise price 
    $11.50 
  
    Term (years) 
     7.0 
  
    Annual risk-free rate 
     4.16%
  
    Annual volatility after expected business combination date 
     5.0%

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

    13

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(Unaudited)

Note 9 — Segment Information

ASC
280 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, 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 statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet 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
 March 31, 2025 
  
    General and administrative expenses 
    $131,226 
  
    Interest earned on the Trust Account 
    $1,363,977 
  
    Investments in Trust Account 
    $128,527,398 

The CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Investment Management Trust Agreement, dated November
7, 2024, which the Company entered into with Continental, as trustee of the Trust Account. General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business