Willow Lane Acquisition Corp. Reports Net Income of $1.23M for Quarter Ending March 31, 2025

Willow Lane Acquisition Corp. has reported its financial results for the quarter ending March 31, 2025, revealing a net income of $1,232,751, primarily driven by interest income of $1,363,977 from investments held in its Trust Account. This marks a significant increase from the previous fiscal period, where the company reported a net loss of $2,914,386. The company’s total assets as of March 31, 2025, amounted to $130,011,499, up from $128,753,770 at the end of the previous fiscal year, largely due to an increase in investments in the Trust Account.

The company has not yet engaged in any operational activities, as it was formed as a blank check company with the intent to complete a business combination. As of the reporting date, Willow Lane Acquisition Corp. had 12,650,000 Class A ordinary shares and 4,628,674 Class B ordinary shares outstanding. The Class A shares are subject to possible redemption at a value of approximately $10.16 per share, reflecting a slight increase from the previous redemption value of $10.05 per share. The company’s total liabilities stood at $4,529,250, which includes accrued expenses and a deferred underwriting fee.

In terms of operational metrics, the company has maintained a cash balance of $1,235,372 outside of its Trust Account, which is intended for identifying and evaluating potential target businesses. The company has incurred general and administrative expenses of $131,226 during the quarter, reflecting its ongoing costs as a public entity. The company’s management has indicated that it will continue to seek a suitable business combination target and may extend the combination period if necessary, subject to shareholder approval.

Looking ahead, Willow Lane Acquisition Corp. remains focused on completing its initial business combination, which must occur within 36 months of its initial public offering to comply with Nasdaq listing requirements. The company has expressed that it may need to raise additional funds to meet operational costs or to facilitate a business combination, depending on the circumstances surrounding its target acquisition. The management team continues to monitor market conditions and potential risks that could impact the company’s ability to execute its business strategy effectively.