Company: WLACW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010349
Chunk: 29

Company: Willow Lane Acquisition Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 Account of $1,363,977, offset by operating expenses of $131,226.

Factors
That May Adversely Affect our Results of Operations

Our
results of operations and our ability to complete an initial Business Combination may be adversely affected by various factors that could
cause economic uncertainty and volatility in the financial markets, many of which are beyond our control. Our results of operations and
our ability to consummate an initial Business Combination could be impacted by, among other things, downturns in the financial markets
or in economic conditions, increases in oil prices, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions,
declines in consumer confidence and spending, public health considerations, and geopolitical instability, such as the military conflicts
in Ukraine and the Middle East. We cannot at this time predict the likelihood of one or more of the above events, their duration or magnitude
or the extent to which they may negatively impact our business and our ability to complete an initial Business Combination.

15

Liquidity
and Capital Resources

On
November 12, 2024, we completed the Initial Public Offering of 12,650,000 Units, which includes the full exercise of the Over-Allotment
Option in the amount of 1,650,000 Option Units, at $