Willow Lane Acquisition, a blank check company led by Luke Weil targeting consumer goods and other sectors, raised $110 million by offering 11 million units at $10. Each unit consists of one share of common stock and one-half warrant, exercisable at $11.50.
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; -99% from split-adjusted $10 offer price) in 2021.
Willow Lane Acquisition plans to list on the Nasdaq under the symbol WLACU. BTIG acted as sole bookrunner on the deal.
