Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 539

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 2
Chunk 539
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 92,500 
  
    Total Current Assets 
     1,499,561 

    Long-term prepaid insurance 
     87,776 
  
    Cash and marketable securities held in Trust Account 
     231,643,853 
  
    TOTAL ASSETS 
    $233,231,190 

    LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accounts payable and accrued expenses 
    $7,401 
  
    Accrued offering costs 
     6,750 
  
    Due to Sponsor 
     3,183 
  
    Total Current Liabilities 
     17,334 

    Deferred underwriting fee payable 
     8,050,000 
  
    Total Liabilities 
     8,067,334 

    Commitments and Contingencies 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.07 per share 
     231,643,853 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding 
     — 
  
    Class A ordinary shares, $0.0001 par value; 445,000,000 shares authorized; 805,000 issued and outstanding (excluding 23,000,000 shares subject to possible redemption) 
     81 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,187,500 shares issued and outstanding 
     719 
  
    Additional paid-in capital 
     — 
  
    Accumulated deficit 
     (6,480,797)
  
    Total Shareholders’ Deficit 
     (6,479,997)
  
    TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $233,231,190 

The accompanying notes are an integral part
of these financial statements.

F-3

MOUNTAIN LAKE ACQUISITION CORP.

STATEMENT OF OPERATIONS

FOR THE PERIOD FROM JUNE 14, 2024 (INCEPTION)
THROUGH DECEMBER 31, 2024

    Formation and operational costs 
    $50,736