Quarterly ResultMay 14, 2026, 05:02 PM
WLIIU Reports Q1 2026 Net Income $75,360; Trust Account $144.1M
AI Summary
Willow Lane Acquisition Corp. II, a Special Purpose Acquisition Company (SPAC), reported its financial results for the three months ended March 31, 2026, following its initial public offering (IPO) on February 17, 2026. The company recorded a net income of $75,360 for the quarter, primarily from interest earned on marketable securities in its Trust Account. Post-IPO, $143,750,000 was placed in the Trust Account, which had grown to $144,118,828 by quarter-end.
Key Highlights
- Initial Public Offering (IPO) of 14,375,000 units completed on February 17, 2026.
- Gross proceeds from IPO totaled $143,750,000.
- Private Placement of 514,055 units generated $5,140,550.
- Trust Account held $144,118,828 in marketable securities as of March 31, 2026.
- Net income for the three months ended March 31, 2026, was $75,360.
- Cash balance at March 31, 2026, was $1,447,573.
- Total liabilities amounted to $5,138,071, including a $5,031,250 deferred underwriting fee.
Price Impact