Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 246

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 246
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 requirements of Rule 14e-5 under the Exchange Act including, in pertinent part, through adherence to the following:

●our registration statement/proxy statement filed for our
business combination transaction would disclose the possibility that our sponsor, initial shareholders, directors, officers, advisors
and their affiliates may purchase public shares or rights from public shareholders outside the redemption process, along with the purpose
of such purchases;

●if our sponsor, initial shareholders, directors, officers,
advisors and their affiliates were to purchase public shares or rights from public shareholders, they would do so at a price no higher
than the price offered through our redemption process;

●our registration statement/proxy statement filed for our
business combination transaction would include a representation that any of our securities purchased by our sponsor, initial shareholders,
directors, officers, advisors and their affiliates would not be voted in favor of approving the business combination transaction;

●our sponsor, initial shareholders, directors, officers, advisors
and their affiliates would not possess any redemption rights with respect to our securities or, if they do acquire and possess redemption
rights, they would waive such rights;

●we would disclose in a Form 8-K, before our security
holder meeting to approve the business combination transaction, the following material items;

●the amount of our securities purchased outside of the redemption
offer by our sponsor, initial shareholders, directors, officers, advisors and their affiliates, along with the purchase price;

●the purpose of the purchases by our sponsor, initial shareholders,
directors, officers, advisors and their affiliates;

●the impact, if any, of the purchases by our sponsor, initial
shareholders, directors, officers, advisors and their affiliates on the likelihood that the business combination transaction will be
approved;

●the identities of our security holders who sold to our sponsor,
initial shareholders, directors, officers, advisors and their affiliates (if not purchased on the open market) or the nature of our security
holders (e.g., 5% security holders) who sold to our sponsor, initial shareholders, directors, officers, advisors and their affiliates;
and

●the number of our securities for which we have received redemption
requests pursuant to our redemption offer.

Please see “Proposed Business — Permitted
Purchases of Our Securities” for a description of how such persons will determine from which shareholders to seek to acquire
securities.

23

If
a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or