Willow Lane II Quiet. SPAC Deadline Stands Out
Willow Lane Acquisition Corp. II shares sat near flat before the open Tuesday, with investors looking past the price and watching the company's cash and timeline for a deal. WLII last traded at $10.1801, up 0.3% from its previous close. That’s important for Willow Lane II, a SPAC. SPACs, or special purpose acquisition companies, go public as cash shells, raising funds before they name a merger target. The share price usually sticks close to the cash in trust up to the point when a deal shows up, terms come out or holders vote.