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

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 a
wholly-owned subsidiary of Pubco (“Company Merger Sub” and, together with SPAC Merger Sub, the “Merger
Subs”), (v) George Peng, solely in his capacity as the representative (the “SPAC Representative”), from and after
the Effective Time (as defined below), of the Company’s shareholders as of immediately prior to the Effective Time and their
successors and assigns (other than the holders of Boost Run’s issued and outstanding membership interests (the
“Sellers”)), in accordance with the terms and conditions of the Boost Run Business Combination Agreement, and (vi)
Andrew Karos, solely in his capacity as the representative (the “Seller Representative”), from and after the Effective
Time, of the Sellers as of immediately prior to the Effective Time and their successors and assigns, in accordance with the terms
and conditions of the Boost Run Business Combination Agreement.

    8

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(Unaudited)

Prior
to the consummation (the “Closing”) of the transactions contemplated by the Boost Run Business Combination Agreement
(the “Boost Run Business Combination”), the Company shall transfer, by way of continuation, out of the Cayman Islands
and into the State of Delaware so as to re-domicile as and become a Delaware corporation. At the Closing, (i) SPAC Merger Sub shall
merge with and into the Company, with the Company continuing as the surviving entity (the “SPAC Merger”), as a result of
which the securities of the Company immediately prior to the Effective Time shall no longer be outstanding and shall automatically
be cancelled in exchange for the consideration described in the Boost Run Business Combination Agreement; (ii) Company Merger Sub
will merge with and into Boost Run, with Boost Run continuing as the surviving entity (the “Company Merger”, and
together with the SPAC Merger, the “Mergers”), as a result of which the securities of Boost Run immediately prior to the
Effective Time shall no longer be outstanding and shall automatically be cancelled in exchange for the consideration described in
the Boost Run Business Combination Agreement; and (iii) as a result of the Mergers, the Company and Boost Run will become wholly-owned
subsidiaries of Pubco and Pubco will become a publicly traded company. As used herein, “Effective Time