Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 283

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 283
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, generate going forward.

We
may seek business combination opportunities in industries or sectors that may be outside of our management’s areas of expertise.

We
will consider a business combination outside of our management’s areas of expertise if a business combination candidate is presented
to us and we determine that such candidate offers an attractive business combination opportunity for our company. Although our management
will endeavor to evaluate the risks inherent in any particular business combination candidate, we cannot assure you that we will adequately
ascertain or assess all of the significant risk factors. In the event we elect to pursue a business combination outside of the areas
of our management’s expertise, our management’s expertise may not be directly applicable to its evaluation or operation,
and the information contained in this Annual Report regarding the areas of our management’s expertise would not be relevant to
an understanding of the business that we elect to acquire. As a result, our management may not be able to ascertain or assess adequately
all of the relevant risk factors. Accordingly, any shareholders who choose to remain shareholders following our initial business combination
could suffer a reduction in the value of their shares. Such shareholders are unlikely to have a remedy for such reduction in value.

We
are dependent upon our executive officers and directors and their loss, or a reduction in the amount of time they can dedicate to our
initial business combination, could adversely affect our ability to operate.

Our
operations are dependent upon a relatively small group of individuals and, in particular, our executive officers and directors and the
members of our advisory board. We believe that our success depends on the continued service of our officers, directors and members of
our advisory board, at least until we have completed our initial business combination. In addition, our executive officers and directors
are not required to commit any specified amount of time to our affairs and, accordingly, will have conflicts of interest in allocating
their time among various business activities, including identifying potential business combinations and monitoring the related due diligence.
We do not have an employment agreement with, or key-man insurance on the life of, any of our directors or executive officers. The
unexpected loss of the services of one or more of our directors or executive officers could have a detrimental effect on us.

43

Our
executive officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination
as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial
business combination.

Our
executive officers and directors