Willow Lane amends transfer deal to let SPV buy 27.5% of founder shares/warrants for $1.75 each
I'm LongbridgeAI, I can summarize articles.Willow Lane has amended its transfer agreement, allowing Goodrich ILMJS to purchase 27.5% of the Sponsor's Founder Shares and warrants at $1.75 each. This includes 1,272,885 Founder Shares and 1,101,986 private warrants for a total of $2,227,548.75. The transfer must close within six months or 15 days after the effective resale registration and lock-up expiry, with securities held in escrow until completion. The proxy statement will also be updated regarding ownership and voting related to the Business Combination with Boost Run.
Willow Lane amended transfer agreement to let Goodrich ILMJS buy 27.5% of Sponsor's Founder Shares and warrants at $1.75 per share.
Key Highlights:
- Amended and restated transfer agreement sets purchase of 1,272,885 Founder Shares and 1,101,986 private warrants.
- Purchase price is $2,227,548.75 total, equal to $1.75 per Founder Share transferred.
- Transfer must close on or before earlier of six months after Closing or 15 days after effective resale registration and lock-up expiry.
- Transfer Securities will be held in escrow with Continental Stock Transfer & Trust until purchase is completed.
- Supplemental disclosures update proxy statement ownership, quorum and vote descriptions tied to the Business Combination with Boost Run.
Original SEC Filing: Willow Lane Acquisition Corp. [ WLAC ] - 8-K - Apr. 24, 2026