Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 79

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 79
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 or by our receipt of redemption
requests submitted by shareholders (in the case of Class A Ordinary Shares) following our mailing of proxy materials in connection
with our initial business combination. To the extent that our sponsor, officers, directors, advisors or their affiliates enter into a
private purchase, they would identify and contact only potential selling shareholders who have expressed their election to redeem their
shares for a pro rata share of the trust account or vote against our initial business combination, whether or not
such shareholder has already submitted a proxy with respect to our initial business combination but only if such shares have not already
been voted at the shareholder meeting related to our initial business combination. Our sponsor, executive officers, directors, advisors
or any of their affiliates will select which shareholders to purchase shares from based on a negotiated price and number of shares and
any other factors that they may deem relevant and will only purchase shares if such purchases comply with Regulation M under the
Exchange Act and the other federal securities laws. Our sponsor, officers, directors and/or their affiliates will be restricted from
making purchases of shares if the purchases would violate Section 9(a)(2) or Rule 10b-5 of the Exchange Act.
We expect any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such
purchases are subject to such reporting requirements.

Our sponsor, initial shareholders, directors, officers and their affiliates
will be restricted from making purchases of shares if the purchases would violate Section 9(a)(2) or Rule 10b-5 of
the Exchange Act. Any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to
the extent such purchasers are subject to such reporting requirements. Additionally, in the event our sponsor, initial shareholders, directors,
officers and their affiliates were to purchase public shares or rights from public shareholders, such purchases would be structured in
compliance with the 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 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
and their affiliates were