Willow Lane Acquisition Corp. II’s Quiet Period Will End on March 25th (NASDAQ:WLIIU)

Willow Lane Acquisition Corp. II’s (NASDAQ:WLIIU) quiet period will end on Wednesday, March 25th. Willow Lane Acquisition Corp. II had issued 12,500,000 shares in its initial public offering on February 13th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Willow Lane Acquisition Corp. II to a “hold” rating in a research report on Tuesday, February 24th.

Willow Lane Acquisition Corp. II Trading Down 0.4%

NASDAQ:WLIIU opened at $10.15 on Wednesday. Willow Lane Acquisition Corp. II has a 12 month low of $10.06 and a 12 month high of $10.20.

About Willow Lane Acquisition Corp. II

Willow Lane Acquisition Corp. II (NASDAQ: WLIIU) is a special purpose acquisition company (SPAC), commonly known as a blank-check company. As a SPAC, its primary business purpose is to raise capital through a public offering and to use the proceeds to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses. SPACs like Willow Lane Acquisition Corp. II typically hold funds in a trust account pending identification and completion of an appropriate business combination.

The company does not itself operate a commercial business; instead, its activities center on identifying potential transaction targets, negotiating deal terms, conducting due diligence, and completing a business combination that will result in the acquired company becoming publicly listed.