Company: MLAC
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108244
Chunk: 37

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 and accounting officer have concluded that during the period covered by this report, our disclosure controls and
procedures were effective at a reasonable assurance level and, accordingly, provided reasonable assurance that the information required
to be disclosed by us in reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms.

Changes in Internal Control over Financial
Reporting

There was no change in our internal control over
financial reporting that occurred during the fiscal quarter of 2025 covered by this Quarterly Report on Form 10-Q that has materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this report include the risk factors described in our Annual Report on Form 10-K with the SEC. As of
the date of this Report, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K filed with
the SEC, except as set forth below:

The Proposed Business Combination may not
be completed on the terms or timeline currently contemplated, or at all.

The consummation of the Proposed Business Combination
is subject to numerous conditions, including the effectiveness of the registration statement to be filed by us as part of the Proposed
Business Combination, and other customary closing conditions, and there can be no assurance that the Proposed Business Combination will
be consummated.

If the Proposed Business Combination is not completed
for any reason, the price of our Class A ordinary shares may decline to the extent that the market price of our Class A ordinary shares
reflects or previously reflected positive market assumptions that the Proposed Business Combination would be completed and the related
benefits would be realized. In addition, we have expended and will continue to expend significant management time and resources and have
incurred and will continue to incur significant expenses due to legal, advisory, printing, and financial services fees related to the
Proposed Business Combination. These expenses must be paid regardless of whether the Proposed Business Combination is consummated.

If the Proposed Business Combination is not completed
for any reason, our ongoing business and financial results may be adversely affected and, without realizing any of the benefits of having
completed the Proposed Business Combination, we will be subject to a number of risks, including the following:

●we
                                            will be required to pay