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

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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” means 5:00 p.m.
New York City Time. on the date of the Closing (or such other date and/or time as may be agreed in writing by Boost Run and the
Company), at which time each of the Mergers shall be consummated simultaneously by the filing of appropriate certificates of merger
with the Secretary of State of the State of Delaware.

For
more information regarding the Boost Run Business Combination Agreement and the Boost Run Business Combination, see to the
Company’s filings with the SEC, including the Current Reports on Form 8-K filed by the Company with the SEC on September 15,
2025, September 16, 2025 and September 19, 2025, as well as the registration statement on Form S-4 to be filed by Pubco, and the other filings that the Company and Pubco may make from time to time with the SEC.

Liquidity,
Capital Resources and Going Concern

As
of September 30, 2025, the Company had $561,174 in cash and working capital of $625,983.

In
connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”)
Topic 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” the Company
has determined that it has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. There is
no assurance that the Company’s plans to raise additional capital will be successful. The Company lacks the financial resources
it needs to sustain operations for a reasonable period of time, which is considered to be one year from the date of the issuance of the
accompanying unaudited condensed financial statements. The Company has until November 12, 2026, to consummate a Business Combination.
If a Business Combination is not consummated by then, the Company may, however, elect to seek to extend the Combination Period consistent
with applicable laws, regulations and stock exchange rules. Such an extension requires the approval of the Company’s shareholders,
who will be provided the opportunity at that time to redeem all or a portion of their Public Shares (which would likely have a material
adverse effect on the amount held in the Trust Account and other adverse effects on the Company). Should a Business Combination not occur,
there may be a mandatory liquidation and subsequent dissolution. These conditions raise substantial doubt about the Company’s ability
to continue as a going