Willow Lane Acquisition Corp. II announced the pricing of its initial public offering, selling 12.5 million units at $10.00 per unit for total gross proceeds of $125 million. The company said the units are expected to commence trading on February 13, 2026 on the Nasdaq Global Market using the ticker symbol "WLIIU."
Each unit is comprised of one Class A ordinary share and one-quarter of a redeemable warrant. When the securities are separated for individual trading, Willow Lane expects the Class A ordinary shares to trade under the symbol "WLII" and the warrants under "WLIIW."
The warrants included in the units are structured so that one whole warrant will permit the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to customary adjustments specified in the offering documents.
The offering is scheduled to close on February 17, 2026, subject to customary closing conditions. In addition, the company has granted the underwriters a 45-day option to buy up to an extra 1.875 million units at the initial public offering price to cover overallotments.
Willow Lane Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. While the company may consider opportunities in any sector, it stated a focus on completing a business combination with an established middle market company.
The management team named in the registration statement consists of B. Luke Weil serving as Chief Executive Officer and Chairman, George Peng as Chief Financial Officer, and Marjorie Hernandez as Chief Operating Officer. BTIG, LLC is acting as the sole book-running manager for the offering.
The registration statement for the securities was filed with the U.S. Securities and Exchange Commission and became effective on January 30, 2026, according to the company announcement. The company indicated the expected trading start date for the units and the planned closing date for the offering, both of which are subject to customary closing conditions and regulatory processes.
Summary of offering terms
- Size and price: 12.5 million units at $10.00 per unit, raising $125 million.
- Unit composition: one Class A ordinary share plus one-quarter of a redeemable warrant.
- Warrant exercise price: $11.50 per whole warrant, with adjustments as described in the offering documents.
- Trading: units expected to trade as "WLIIU" starting February 13, 2026; separate trading for shares and warrants expected under "WLII" and "WLIIW."
- Closing and over-allotment: expected close on February 17, 2026; underwriters have a 45-day option to purchase up to 1.875 million additional units.
The company reiterated that it is a special purpose acquisition company formed to pursue one or more business combinations, with a stated preference for targeting established middle market opportunities. The disclosure of the management team and the designation of BTIG, LLC as sole book-running manager complete the set of details the company provided about the offering and its governance.