Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 235

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 235
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Item
1A. Risk Factors.

An investment in our securities involves a high
degree of risk. In connection with any actual or proposed investment in our securities, you should consider carefully all of the risks
described below, together with the other information contained in this Annual Report. If any of the following risks occur, our business,
financial condition or results may be materially and adversely affected. In that event, the trading price of our securities could decline,
and you could lose all or part of your investment. The risk factors described below are not necessarily exhaustive and you are encouraged
to perform your own investigation with respect to us and our business.

Summary Risk Factors

●We are a blank check company with no operating history and
no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.

●Our public shareholders may not be afforded an opportunity
to vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate in such
vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such
a combination.

●Your only opportunity to effect your investment decision
regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.

●If we seek shareholder approval of our initial business combination,
our initial shareholders and management team have agreed to vote in favor of such initial business combination, regardless of how our
public shareholders vote.

●The ability of our public shareholders to redeem their shares
for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us
to enter into a business combination with a target.

●The ability of our public shareholders to exercise redemption
rights with respect to a large number of our shares and the amount of deferred underwriting compensation may not allow us to complete
the most desirable business combination or optimize our capital structure, and may substantially dilute your investment in us.

●The requirement that we complete our initial business combination
within the duration of the completion window may give potential target businesses leverage over us in negotiating a business combination
and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach
our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce
value for our shareholders.

●Our search for a business combination, and any target business
with which we ultimately consummate a business