Research analysts covering Mountain Lake Acquisition.
Recent press releases and 8-K filings for MLAC.
Mountain Lake Acquisition Corp. Amends Business Combination Agreement
MLAC
M&A
New Projects/Investments
Delisting/Listing Issues
- Mountain Lake Acquisition Corp. (SPAC) announced an Amendment No. 1 to its Business Combination Agreement, originally dated October 1, 2025, with Avalanche Treasury Corporation (Pubco) and Avalanche Treasury Company LLC (Company), which is effective as of October 1, 2025.
- The amendment clarifies that the Dragonfly Contribution of 1,960,040 Avax was made by Dragonfly Ventures L.P. and Dragonfly Ventures II, L.P., who became members of the Company.
- The business combination will result in Pubco becoming a publicly traded company, with SPAC Class A/B Ordinary Shares and most Company Units converting to Pubco Class A Stock, which will be listed on NASDAQ.
- Seller Related Parties' Company Units will convert into both Pubco Class A Stock and Pubco Class B Stock, where Class B shares carry one vote per share but no economic rights and are not listed for trading.
- Company Unit Investors have committed to an investment of up to $500,000,000 in the Company.
Jan 13, 2026, 9:45 PM
Mountain Lake Acquisition Corp. Announces Business Combination Agreement
MLAC
M&A
New Projects/Investments
- Mountain Lake Acquisition Corp. (SPAC) entered into a Business Combination Agreement dated October 1, 2025, with Avalanche Treasury Corporation (Pubco) and other entities, which will result in Pubco becoming a publicly traded company.
- In the transaction, SPAC shareholders will receive one share of Pubco Class A Common Stock for each SPAC Class A Ordinary Share held, and one share of Pubco Class A Common Stock for every ten (10) SPAC Rights.
- Company Unit Investors have agreed to invest up to $500,000,000 by purchasing Company Units, payable in cash, USD Coin, or Avax.
- The Company intends to use these investment funds to purchase AVAX at the prevailing spot market price, which will be held in a custody account.
- Pubco will have Class A Stock (with economic rights and listed for trading) and Class B Stock (with voting rights but no economic rights, held by the Seller), and the Class A Stock price is expected to be highly correlated to the volatile price of AVAX.
Oct 7, 2025, 9:07 PM
MLAC Announces Business Combination with Avalanche Treasury Co.
MLAC
M&A
New Projects/Investments
Board Change
- Mountain Lake Acquisition Corp. (MLAC) has entered into a definitive business combination agreement with Avalanche Treasury Co. (AVAT), valued at over $675 million.
- The transaction includes approximately $460 million in treasury assets and is designed to create a leading public vehicle for AVAX exposure.
- AVAT has an exclusive relationship with the Avalanche Foundation, beginning with a $200 million discounted token sale and an 18-month priority on Avalanche Foundation sales to U.S. digital asset treasury companies.
- Investors are offered an entry point of 0.77x multiple of net asset value (mNAV), delivering a 23% discount compared to buying AVAX directly.
- The combined company expects to list on Nasdaq in Q1 2026, subject to regulatory and shareholder approval.
Oct 2, 2025, 1:59 AM
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