Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 9

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 9
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, giving AVAT direct ties to
Avalanche’s core team.

“We are very pleased to welcome AVAT to
the Avalanche ecosystem,” Emin Gün Sirer said. “I’m honored to support them as an advisor. Their participation reflects
the growing sophistication and momentum shaping Avalanche’s future.”

Additional advisors include Aave founder Stani
Kulechov and Dragonfly Capital Managing Partner Haseeb Qureshi, while the board will also feature MLAC CEO Paul Grinberg and Dragonfly
General Partner Rob Hadick.

Avalanche Treasury Co. joins a growing list of
digital asset treasury initiatives, including the Anthony Scaramucci-backed fellow AVAX DAT, AgriFORCE Growing Systems.

Avalanche rises as treasury firm eyes $1B buy after SPAC deal

By Jesse Coghlan

Avalanche Treasury Co. will launch through a
blank-check merger next year, with the goal of buying over $1 billion worth of AVAX tokens.

The price of AVAX, the native token of the Avalanche
blockchain, jumped after a newly formed company announced its plans to go public in the US and purchase over $1 billion worth of the
token.

The company, Avalanche Treasury Co., said on
Wednesday that it would merge with the special purpose acquisition company (SPAC) Mountain Lake Acquisition Corp. in a deal valued at
over $675 million.

The merged company expects to list on the Nasdaq
in the first quarter of 2026 under the ticker symbol “AVAT,” subject to regulatory and shareholder approval.

Emin Gün Sirer, the founder and CEO of the
Avalanche blockchain development firm Ava Labs, will join the company as an adviser.

The business will be the second so-called treasury
company focused on Avalanche and joins a herd of companies going public or pivoting to buying and holding cryptocurrencies this year.

Avalanche Treasury Co. eyes $1 billion AVAX holdings

Avalanche Treasury Co. said it has an “exclusive
relationship” with the Avalanche Foundation, an organization that supports the blockchain, which had reportedly planned to sell
millions of Avalanche tokens at a discounted price to treasury companies.

AVAX +$30.53

The treasury company said it plans to own more
than $1 billion worth of AVAX after it goes public next year, and its initial capital raise “will result in approximately $460
million in treasury assets funded.”

AVAX rose shortly after the announcement to an
intraday high of $31