Willow Lane Acquisition, a blank check company targeting consumer goods and other sectors, filed on Thursday with the SEC to raise up to $110 million in an initial public offering.
The New York, New York-based company plans to raise $110 million by offering 11 million units at $10 per unit. Each unit consists of one share of common stock and one-half warrant, exercisable at $11.50. At the proposed deal size, Willow Lane Acquisition would command a market cap of $150 million.
The company is led by CEO and Chairman Luke Weil, who has led a number of SPACs previously, most recently as Chairman of Andina Acquisition III, which completed a business combination with Stryve Foods (Nasdaq: SNAX) in 2021 valued at $170 million. Weil also served as Chairman of Andina Acquisition II, which completed a business combination with Lazydays Holdings (Nasdaq: LAZY) in 2018.
The New York, NY-based company was founded in 2024 and plans to list on the Nasdaq under the symbol WLACU. BTIG is the sole bookrunner on the deal.
