Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 77

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 77
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 in the pursuit of our acquisition plans. We cannot assure our shareholders that our plans
to complete a Business Combination will be successful.

We
may seek to extend the Combination Period consistent with applicable laws, regulations and stock exchange rules by amending our Amended
and Restated Charter. Such an amendment would require the approval of our Public Shareholders, who will be provided the opportunity to
redeem all or a portion of their Public Shares in connection with the vote on such approval. Such redemptions will decrease the amount
held in our Trust Account and our capitalization, and may affect our ability to maintain our listing on Nasdaq. In addition, the continued
listing rules of Nasdaq, as they exist as of the date of this Report (the “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.

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
March 31, 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 March 31, 2025, we had a net income of $1,232,751, which consisted of interest earned on marketable securities
held in the Trust