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

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 were 11,470,722 Warrants outstanding, including 6,325,000 Public Warrants and 5,145,722
Private Placement Warrants. Each whole Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share,
subject to adjustment as discussed herein. The Warrants cannot be exercised until 30 days after the completion of the initial Business
Combination, and will expire at 5:00 p.m., New York City time, five years after the completion of the initial Business Combination or
earlier upon redemption or liquidation.

The
Company will not be obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Warrant and will have no obligation
to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares
issuable upon exercise of the Warrants is then effective and a prospectus relating thereto is current. No Warrant will be exercisable
and the Company will not be obligated to issue a Class A Ordinary Share upon exercise of a Warrant unless the Class A Ordinary Share
issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence
of the registered holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied
with respect to a Warrant, the holder of such Warrant will not be entitled to exercise such Warrant and such Warrant may have no value
and expire worthless. In no event will the Company be required to net cash settle any Warrant. In the event that a registration statement
is not effective for the exercised Warrants, the purchaser of a unit containing such warrant will have paid the full purchase price for
the unit solely for the Class A Ordinary Share underlying such unit.

Under
the terms of the Warrant Agreement, dated November 7, 2024 that the Company entered into with Continental (the “Warrant Agreement”),
the Company has agreed that, as soon as practicable, but in no event later than 20 business days, after the closing of its Business Combination,
it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the IPO Registration Statement or
a new registration statement covering the registration under the Securities Act of the Class A Ordinary Shares issuable upon exercise
of the Warrants and thereafter will use its commercially reasonable efforts to cause the same to become effective within 60