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Willow Lane Acquisition Corp., a Cayman Islands-based SPAC, has entered into a Business Combination Agreement with Boost Run Holdings, LLC. The transaction uses a new Delaware corporation, Pubco, and merger subsidiaries to combine Willow Lane and Boost Run into a single publicly traded company, subject to customary closing conditions and shareholder approval.
Willow Lane and Boost Run issued a joint press release announcing the agreement, and Pubco plans to file a Form S-4 registration statement that will include a proxy statement/prospectus for Willow Lane shareholders. Separately, certain Willow Lane shareholders completed a $24.4 million block trade of Class A ordinary shares, facilitated by BTIG, LLC, involving several existing shareholders.