Company: MLAC
Filing Date: 2025-11-21
Form Type: 425
Source: 0001213900-25-113277
Chunk: 1

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-21
Form: 425
Chunk 1
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 Smith, CEO of Pubco made the following statement
on Pubco’s X account.

Bart Smith 00:00

Being able to find other ways for our shareholders
to benefit. Investing into kind of builders, new protocols or L1s being built on the Avalanche ecosystem. It will offer people a broader
exposure to the ecosystem beyond just the token itself.

On October 16, 2025, Bart Smith, CEO of Pubco made the following statement
on Pubco’s X account.

Bart Smith 00:00

There is not going to be a winner take all, particularly
outside of Bitcoin, I think there’s going to be different blockchains that have different benefits that are going to be implemented
within business or finance or in gaming and ticketing. And so I believe that the business vertical is one that Avalanche is going to be
poised to win.

On October 14, 2025, Bart Smith, CEO of Pubco
made the following statement on Pubco’s X account.

Bart Smith 00:00

The idea of fully transparent blockchains being accepted by, you know,
institutions, particularly financial institutions. It’s an impossibility. It’s a non-starting point. This is one of the areas
where Avalanche is leading the pack. They’re working with J.P. Morgan and Apollo and KKR to help rebalancing, specifically on Avalanche
rails. It’s basically their own chain where they can customize it. They can permission it. So that’s very different, like
that’s enterprise software.

On November 4, 2025, Rob Hadick, Board Member
of Pubco made the following statement on Pubco’s X account.

Ben Murray 0:03

It was a pretty easy decision, even beyond the
fact that we’ve been big fans of the avalanche team and the folks building there, we really didn’t have another good choice from a technological
standpoint. It had to be avalanche.

Santiago Santos Roel 0:18

I’ve come from a world of investing in enterprise
software, and I think the best software is out of the box, and I think that’s what avalanche provides, which is this ability to have your
own L1 and have sufficient guarantees around performance and connectivity between other ecosystems.

Rockwell Shah 00:35

Avalanche has done an incredible job actually
building out the new use cases, like attracting developers who want to build substantive things. Avalanche