Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 4

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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(the “Over-Allotment Option”) in the amount of 1,650,000 Units (the “Option Units”), at $10.00 per Unit, generating
gross proceeds of $126,500,000, which is discussed in Note 3 (the “Initial Public Offering”). Each Unit consists of one Class
A ordinary share, par value $0.0001 per share, of the Company (the “Class A Ordinary Shares” and with respect to the Class
A Ordinary Shares included in the Units, the “Public Shares”) and one-half of one redeemable warrant of the Company (the
“Public Warrants”).

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 5,145,722
warrants (the “Private Placement Warrants,” and together with the Public Warrants, the “Warrants”) at a
price of $1.00
per Private Placement Warrant, in a private placement to (i) the Sponsor, (ii) BTIG, LLC, representative of the several underwriters
in the Initial Public Offering (“BTIG”) and (iii) Craig-Hallum Capital Group LLC, the co-manager of the Initial Public
Offering (“Craig-Hallum”), generating gross proceeds of $5,145,722,
which is described in Note 4 (the “Private Placement”). Each whole Warrant entitles the holder to purchase one Class A
Ordinary Share at a price of $11.50
per share.

The
Company’s management (“Management”) has broad discretion with respect to the specific application of the net proceeds
of the Initial Public Offering and the Private Placement, although substantially all of the net proceeds are intended to be generally
applied toward consummating a Business Combination (less deferred underwriting commissions and taxes payable, if any).

Transaction
costs amounted to $7,538,114, consisting of $2,530,000 of cash underwriting fees, $4,427,500 of deferred underwriting fees, and $580,614
of other offering costs.

The
Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net
balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and income taxes payable
on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business