India, Feb. 13 -- Willow Lane Acquisition Corp. II Unit (WLIIU, WLAC, WLACU), on Friday priced its initial public offering of 12,500,000 units at $10 per unit, raising $125 million in gross proceeds.
The offering is expected to close on February 17.
The company said that each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant.
Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share.
Units are expected to begin trading on The Nasdaq Stock Market LLC under the symbol "WLIIU" on February 13.
Upon separation, Class A ordinary shares and warrants are expected to trade under the symbols "WLII" and "WLIIW," respectively.
The company granted the underwriters a 45-day ...