Willow Lane (Willow Lane Acquisition Corp.), a blank-check company, reported FY 2025 net income of USD 3.44 million, driven by USD 5.42 million of interest income from marketable securities held in its Trust Account and USD 0.04 million of interest earned on bank funds, partly offset by USD 2.02 million in operating expenses. The company said it has not generated revenue to date. As of December 31, 2025, Willow Lane had USD 132.58 million of cash and investments held in the Trust Account and USD 0.32 million of cash held outside the Trust Account. Net cash used in operating activities was USD 1.05 million in FY 2025. On the corporate front, Willow Lane highlighted progress on its planned Boost Run business combination, including a January 13, 2026 amendment extending the deal’s outside date to June 30, 2026 and removing a covenant that the post-closing board be majority Nasdaq-independent. The company also disclosed a January 13, 2026 amendment to the earnout agreement adjusting the maximum number of Pubco Class A shares issuable to the Sponsor (up to 1.13 million) and the SPV (up to 1.97 million), a consulting agreement under which Pubco would grant 336,000 shares to Chairman and CEO B. Luke Weil subject to price-based vesting after closing, and a letter agreement in which Craig-Hallum agreed to reduce its portion of the deferred fee by USD 0.50 million in exchange for participation rights in certain post-closing financings.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Willow Lane Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-007471), on February 19, 2026, and is solely responsible for the information contained therein.