Company: WLACW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001493152-25-011863
Chunk: 29

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 and the
5,145,722 Private Placement Warrants issued in the Private Placement in accordance with the guidance contained in ASC 815. Accordingly,
the Company evaluated and classified the warrant instruments under equity treatment at their assigned values.

The
fair value of Public Warrants was determined using a Monte Carlo Simulation Model. The Public Warrants have been classified within shareholders’
deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market
assumptions used in the valuation of the Public Warrants:

 Schedule of Market Assumptions used in the Valuation of Public Warrants

    November 12, 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%

Both
Public and Private Warrants are not remeasured subsequent to the date of the Initial Public Offering.

    13

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 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 statements of operations as net income or loss. The measure of segment assets is reported on the balance sheets 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
                                                                                June
                                            30,