Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | WLAC | Class B Ordinary Shares | Nov 7, 2024 | Class A Ordinary Shares | 4.02M | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | As described in the registration statement on Form S-1 (File No. 333-282495) of Willow Lane Acquisition Corp. (the "Issuer") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. |
F2 | These shares represent the Class B ordinary shares held by Willow Lane Sponsor, LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 603,740 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement. |
F3 | There is one managing member of the Sponsor, B. Luke Weil, who holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, B. Luke Weil may be deemed to have beneficial ownership of the securities held of record by the Sponsor. B. Luke Weil disclaims any beneficial ownership except to the extent of his pecuniary interest therein. |
B. Luke Weil is the Chief Executive Officer and Chairman of the Board of Directors of Willow Lane Acquisition Corp.