Willow Lane Acquisition Corp II (WLII) is a blank check special purpose acquisition company that completed its initial public offering on February 17, 2026, raising gross proceeds to fund a single business combination with an unidentified target. The company generates no operating revenue. Its only income since inception (August 1, 2025) through March 31, 2026 has been interest earned on $143,750,000 held in a U.S.-based trust account invested in U.S. government securities or qualifying money market funds. For the three months ended March 31, 2026, net income was $75,360, consisting of $368,828 in trust interest offset by $160,488 in general and administrative expenses and $132,980 in compensation expense. WLII has until February 17, 2028, to complete its initial business combination, or the trust proceeds will be distributed to public shareholders. The deferred underwriting fee of $5,031,250 (3.50% of gross IPO proceeds) is payable only upon completion of a business combination.

Revenue model

No operating revenue. Income is limited to interest on trust account assets. The business model depends entirely on completing a qualifying business combination before February 17, 2028.

Products and services

Blank check acquisition vehicle. Products consist of Class A Ordinary Shares, Public Warrants, and Private Placement Units. Each Public Unit sold in the IPO consisted of one Class A Ordinary Share and one-fourth of one Public Warrant. Private Placement Units (514,055 units at $10.00 per unit) were sold to the Sponsor and BTIG on February 17, 2026, generating $5,140,550 in gross proceeds.

Customers and end markets

Public shareholders who participated in the IPO. No operating customers or end markets, as the company has conducted no commercial operations since inception (August 1, 2025) through the 10-Q filed May 14, 2026.

Value-chain role

SPAC sponsor and acquisition vehicle. Identifies, evaluates, and executes a single business combination using IPO proceeds held in trust.

Geographic exposure

Trust account held in the United States. Incorporated and operating as a smaller reporting company listed on The Stock Market LLC.

Source: SEC 10-Q, filed 2026-05-14

Industry: Blank Checks