Goodrich ILMJS LLC discloses 6.48% Boost Run (BRUN) stake and earnout rights
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D
Rhea-AI Filing Summary
Goodrich ILMJS LLC filed a Schedule 13D reporting beneficial ownership of 2,065,385 shares of Boost Run Inc. Class A common stock, representing 6.48% of the class. The position stems from Boost Run’s SPAC business combination completed on May 8, 2026 and related equity issuances.
The filing explains that Goodrich ILMJS LLC is the record holder, while Sean Goodrich, its managing member and a Boost Run director, has voting and investment discretion over these shares. Goodrich ILMJS LLC is also attributed 1,272,885 additional Class A shares and 1,101,986 warrants subject to an Amended and Restated Transfer Agreement with Willow Lane Sponsor, plus potential earnout shares under a separate Earnout Agreement tied to stock performance.
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Key Figures
Beneficial ownership: 2,065,385 shares
Ownership percentage: 6.48%
Additional shares under transfer agreement: 1,272,885 shares
+5 more
8 metrics
Beneficial ownership
2,065,385 shares
Class A common stock beneficially owned by Goodrich ILMJS LLC
Ownership percentage
6.48%
Percent of Boost Run Class A common stock class
Additional shares under transfer agreement
1,272,885 shares
Class A common stock attributable via Amended and Restated Transfer Agreement
Warrants under transfer agreement
1,101,986 warrants
Warrants attributable to Goodrich ILMJS LLC via transfer agreement
Founder shares reference base
4,628,674 shares
Willow Lane founder shares of which 27.5% to be purchased
Willow Lane warrants base
4,007,222 warrants
Willow Lane warrants of which 27.5% to be purchased
Earnout shares for reporting person
1,968,750 shares
Maximum earnout shares for Goodrich ILMJS LLC
Earnout shares for sponsor
1,125,000 shares
Maximum earnout shares for Willow Lane Sponsor, LLC
Key Terms
Schedule 13D, Business Combination Agreement, Lock-Up Agreements, Registration Rights Agreement, +2 more
6 terms
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Business Combination Agreement financial
"pursuant to that certain Business Combination Agreement dated as of September 15, 2025, as amended..."
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
Lock-Up Agreements regulatory
"the Company entered into Lock-Up Agreements (the "Lock-Up Agreements") with certain stockholders..."
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.
Registration Rights Agreement regulatory
"entered into an Amended and Restated Registration Rights Agreement (the "Registration Rights Agreement")..."
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Amended and Restated Transfer Agreement financial
"entered into an Amended and Restated Transfer Agreement (the "Amended and Restated Transfer Agreement")..."
Earnout Agreement financial
"entered into an Earnout Agreement (the "Earnout Agreement" as amended on January 13, 2026...)"
FAQ
What stake in Boost Run Inc. (BRUN) does Goodrich ILMJS LLC report on this Schedule 13D?
Goodrich ILMJS LLC reports beneficial ownership of 2,065,385 shares of Boost Run Class A common stock, equal to 6.48% of the class. This stake gives the reporting person a meaningful minority position with disclosed voting and investment discretion held by managing member Sean Goodrich.
What role does Sean Goodrich play in relation to Boost Run Inc. (BRUN)?
Sean Goodrich is the managing member of Goodrich ILMJS LLC and holds voting and investment discretion over its Boost Run shares. He also serves on Boost Run’s board of directors, potentially influencing corporate activities while the filing states no current specific plans for major corporate changes.
What are the key terms of the Amended and Restated Transfer Agreement involving Boost Run Inc. (BRUN)?
The Amended and Restated Transfer Agreement provides that Goodrich ILMJS LLC will purchase 27.5% of 4,628,674 founder shares and 27.5% of 4,007,222 warrants from Willow Lane Sponsor. The purchase must occur by six months after closing or shortly after an effective resale registration, with securities held in escrow until completion.
What lock-up and registration rights affect Goodrich ILMJS LLC’s Boost Run Inc. (BRUN) holdings?
Lock-Up Agreements restrict certain Legacy Boost Run stockholders, including parties to those agreements, from selling equity during specified lock-up periods. A separate Amended and Restated Registration Rights Agreement requires Boost Run to register for resale certain common stock and other securities held by specified holders, under agreed terms.