Company: WLACW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001493152-25-011863
Chunk: 32

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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Nasdaq Rules”) currently require special purpose
acquisition companies (the “SPACs”) (such as us) to complete our initial Business Combination in accordance with the requirement
pursuant to the Nasdaq Rules (as defined below) that a SPAC must complete one or more Business Combinations within 36 months following
the effectiveness of its initial public offering registration statement (the “Nasdaq 36-Month Requirement”). If we do not
meet the Nasdaq 36-Month Requirement, our securities will likely be subject to a suspension of trading and delisting from Nasdaq. Our
Sponsor may also, in its discretion, explore transactions under which it would sell its interest in our Company to another sponsor entity,
which may result in a change to our Management Team.

Recent
Developments

On
July 10, 2025, the board of directors (the “Board”) of the Company appointed Simón Gaviria Muñoz as a
member of the Board. Mr. Muñoz will serve as a Class II director.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities from July 3, 2024 (inception) through
June 30, 2025 were organizational activities, those necessary to prepare for and consummate the Initial Public Offering, described below,
and identifying a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion
of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust
Account and our bank account. We incur expenses as a result of being a public company, including legal, financial reporting, accounting
and auditing compliance expenses, among others, as well as for due diligence expenses.

For
the three months ended June 30, 2025, we had a net income of $1,222,925, which consisted of interest earned on marketable securities
held in the Trust Account of $1,374,969 and interest earned on funds kept in the Bank Account of $10,791, offset by operating expenses
of $162,835.

For
the six months ended June 30, 2025, we had a net income of $2,455,676, which consisted of interest earned on investments held
in the Trust Account of $2,738,946 and interest earned on funds kept in the Bank Account of $