other material
confidence high
sentiment neutral
materiality 0.50
Willow Lane amends Transfer Agreement; SPV purchase of founder shares deferred up to 6 months post-close
Willow Lane Acquisition Corp.
- Amended Transfer Agreement: SPV (Goodrich ILMJS LLC) to purchase 27.5% of 4,628,674 founder shares and 27.5% of 4,007,222 private warrants at $1.75/founder share, within six months after Closing.
- Aggregate purchase price for all securities is $2,227,548.75; securities placed in escrow with Continental Stock Transfer until purchase.
- Extraordinary general meeting set for April 30, 2026 to vote on business combination with Boost Run Inc.
- Supplemental Proxy Statement filed with updated sponsor cost basis ($25,000 for founder shares, $4,007,222 for private warrants) and estimated aggregate value of ~$61.51 million as of Record Date.
- Lock-up provisions: 10% of founder shares released at Closing upon shareholder approval; remainder subject to price-based or time-based release.