Boost Run Inc. announced the completion of its business combination with Willow Lane Acquisition Corp., a special purpose acquisition company (SPAC), on May 8, 2026. This transaction takes the former private company, Boost Run Holdings, LLC, public. As a result, Boost Run Inc. began trading on the Nasdaq stock exchange.
Key Details
- Transaction Close: The business combination was consummated on May 8, 2026, resulting in the former SPAC and the private company becoming wholly-owned subsidiaries of Boost Run Inc.
- Merger Consideration: Former equity holders of Boost Run Holdings, LLC received aggregate merger consideration valued at approximately $450 million, consisting of 44,150,000 shares of common stock (valued at $441.5 million) and an $8.5 million installment note.
- Public Listing: The company's Class A Common Stock and Public Warrants began trading on Nasdaq under the ticker symbols "BRUN" and "BRUNW," respectively, as of May 11, 2026.
- Control: Following the transaction, CEO Andrew Karos beneficially owns a majority of the voting power (approximately 90.25%), making Boost Run Inc. a "controlled company" under Nasdaq rules.
- Earnout Potential: The agreement includes potential issuance of up to 7,875,000 additional shares to certain sellers and 3,093,750 shares to the SPAC sponsor contingent on the stock price achieving targets of $12.50, $15.00, and $17.50 per share within a three-year period.