Company: WLACW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021938
Chunk: 55

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 55
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In
addition, the Amendment provides that each Underwriter may, prior to the Specified Event and at its sole discretion, forfeit all or any
part of its right or claim to the Deferred Fee by giving written notice to us.

The
foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the Amendment,
a copy of which is filed as Exhibit 10.8 of the Report and is incorporated herein by reference.

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities since July 3, 2024 (inception) through
September 30, 2025 have been (i) organizational activities and (ii) activities relating to (x) the Initial Public Offering, (y) identifying
and evaluating prospective acquisition candidates and activities in connection with the initial Business Combination and (z) consummating
the Boost Run Business Combination. We will not generate any operating revenues until after completion of our initial Business Combination.
We have generated non-operating income in the form of interest income on investments held in the Trust Account after the Initial Public
Offering. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and
auditing compliance, among other things), as well as for due diligence expenses.

For
the three months ended September 30, 2025, we had a net income of $785,531, which consisted of interest earned on marketable securities
held in the Trust Account of $1,380,897 and interest earned on funds kept in the bank account of $9,039, offset by operating expenses
of $604,405.

22

For
the nine months ended September 30, 2025, we had a net income of $3,241,207, which consisted of interest earned on investments held in
the Trust Account of $4,119,843 and interest earned on funds kept in the bank account of $31,676, offset by operating expenses of $910,312.

For
the period from July 3, 2024 (inception) through September 30, 2024, we had a net loss of $43,124, which primarily consisted of operating
expenses.

Liquidity,
Capital Resources and Going Concern

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total