Willow Lane Acquisition Corp. II

Previous wording

For the three months ended March 31, 2026, we had net income of $75,360, which consisted of interest earned on marketable securities held in Trust Account of $368,828 offset by general and administrative expenses of $160,488 and compensation expense of $132,980.

Current wording

For the three months ended June 30, 2026, we had net income of $1,261,731, which consisted of interest earned on marketable securities held in Trust Account of $1,467,500 offset by general and administrative expenses of $185,788 and compensation expense of $19,981.

Previous wording

For the three months ended March 31, 2026, cash used in operating activities was $349,689. Net income of $75,360 was affected by interest earned on marketable securities held in the Trust Account of $368,828, compensation expense of $132,980 and payment of operation costs through promissory note of $14,200. Changes in operating assets and liabilities used $203,401 of cash for operating activities.

Current wording

For the six months ended June 30, 2026, cash used in operating activities was $448,037. Net income of $1,337,090 was affected by interest earned on marketable securities held in the Trust Account of $1,836,328, compensation expense of $152,961 and payment of operation costs through the IPO Promissory Note of $31,825. Changes in operating assets and liabilities used $203,401 of cash for operating activities.

Previous wording

As of March 31, 2026, we had cash balance of $1,447,573 outside of the Trust Account and a working capital surplus of $1,497,881.

Current wording

As of June 30, 2026, we had cash balance of $1,315,359 outside of the Trust Account and a working capital surplus of $1,331,545.

Previous wording

As of March 31, 2026, we had cash and investments held in the Trust Account of $144,118,828 (including approximately $368,828 of interest income earned since IPO available to pay taxes, if any). We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any taxes payable and exclude the Deferred Fee), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the post Business Combination company, to make other acquisitions and to pursue growth strategies.

Current wording

As of June 30, 2026, we had cash and investments held in the Trust Account of $145,586,328 (including approximately $1,836,328 of interest income earned since the IPO available to pay taxes, if any). We may withdraw interest from the Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (which interest shall be net of any taxes payable and exclude the Deferred Fee), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the post-Business Combination company, to make other acquisitions and to pursue growth strategies.

Previous wording

To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account, we may, at any time, (based on our Management Team’s ongoing assessment of all factors related to our potential status under the Investment Company Act) instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

Current wording

To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account, we may, at any time, (based on our Management Team’s ongoing assessment of all factors related to our potential status under the Investment Company Act) instruct Continental to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

Previous wording

As of March 31, 2026, we had cash held outside of the Trust Account of $1,447,573. We use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants, or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Current wording

As of June 30, 2026, we had cash held outside of the Trust Account of $1,315,359. We use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants, or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

Previous wording

Commencing on February 12, 2026, and until the completion of our Business Combination or liquidation, we reimburse an affiliate of the Sponsor $25,000 per month for office space, utilities, and secretarial and administrative support pursuant to the Administrative Services Agreement. For the three months ended March 31, 2026, we incurred and paid $25,000 in fees for these services.

Current wording

Commencing on February 12, 2026, and until the completion of our Business Combination or liquidation, we reimburse an affiliate of the Sponsor $25,000 per month for office space, utilities, and secretarial and administrative support pursuant to the Administrative Services Agreement. For the three and six months ended June 30, 2026, were $75,000 and $100,000, respectively, were incurred and paid under the Administrative Services Agreement.