m_and_a
confidence high
sentiment neutral
materiality 0.75
Willow Lane Acquisition Corp. announces $441.5M merger with Boost Run Inc.
Willow Lane Acquisition Corp.
- Aggregate consideration of $441.5M in Pubco common stock at $10.00/share, plus $8.5M installment note to CEO Andrew Karos.
- CEO Karos eligible for up to 7.875M earnout shares if Pubco stock hits $12.50/$15.00/$17.50 per share targets over 3 years.
- Willow Lane sponsor and Goodrich ILMJS LLC each eligible for 1.6875M earnout shares under same price targets.
- Transaction structured as mergers: SPAC Merger Sub merges into Willow Lane, Company Merger Sub merges into Boost Run.
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