Company: WLACW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001493152-25-011863
Chunk: 24

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 resolution under Cayman Islands law and the Amended and Restated Charter, which requires the affirmative vote of at
least a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by
proxy at the applicable general meeting of the Company is generally required to approve any matter voted on by the Company’s shareholders.
Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are
allowed, by proxy at the applicable general meeting, and pursuant to the Amended and Restated Charter, such actions include amending
the Amended and Restated Charter and approving a statutory merger or consolidation with another company. There is no cumulative voting
with respect to the appointment of directors, meaning, following the Company’s initial Business Combination, the holders of more
than 50% of the Ordinary Shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of the
initial Business Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment and removal of
directors and (ii) are entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any special
resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result of approving
a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A Ordinary Shares are not entitled
to vote on these matters during such time. These provisions of the Amended and Restated Charter may only be amended if approved by a
special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation
of the initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or,
where proxies are allowed, by proxy at the applicable general meeting of the Company. 

    11

WILLOW
LANE ACQUISITION CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(Unaudited)

Warrants

As
of June 30, 2025 and December 31, 2024, there