Willow Lane Acquisition Corp. II is a blank check company, or SPAC, incorporated in the Cayman Islands in 2025 with no operations or revenue. Its sole purpose is to raise capital through an IPO and use those proceeds to acquire one or more private businesses through a merger or similar transaction — referred to as an "initial business combination." The company is offering 12,500,000 units at $10.00 per unit (up to 14,375,000 units with full underwriter over-allotment), for gross proceeds of $125M to $143.75M. Substantially all IPO proceeds will be held in a trust account until a deal closes or the company liquidates. The sponsor, Willow Lane Sponsor II, acquired founder shares for $25,000 at roughly $0.005 per share, which convert to Class A shares upon closing a deal — creating a strong financial incentive to complete a transaction. Public investors get downside protection via redemption rights at approximately $10.00 per share and upside optionality through warrants. Willow Lane II has 24 months from IPO close to complete a deal; if no deal closes, the trust is liquidated and the sponsor's shares expire worthless. The company targets middle market businesses with positive EBITDA, established revenues, and defensible market positions, with a preference for consumer goods, gaming and leisure, and industrial manufacturing. The management team, led by CEO B. Luke Weil, has completed six prior SPAC combinations, with mixed outcomes across those deals.