Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 100

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 100
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including investments and transactions in which they have participated and businesses with which they have been associated, may not be
indicative of future performance of an investment in the company.

●We may be a passive foreign investment company, or “PFIC,”
which could result in adverse United States federal income tax consequences to U.S. investors.

●We may reincorporate in or transfer by way of continuation
to another jurisdiction which may result in taxes imposed on shareholders or right holders.

●The 1% US federal excise tax on stock buybacks could be imposed
on redemptions of our stock if we were to become a “covered corporation” in the future.

●In recent years, the number of special purpose acquisition
companies that have been formed has increased substantially, potentially resulting in more competition for attractive targets. This could
increase the cost of our initial business combination and could even result in our inability to find a target or to consummate an initial
business combination.

●Our initial business combination and our structure thereafter
may not be tax-efficient to our shareholders and right holders. As a result of our business combination, our tax obligations may
be more complex, burdensome and uncertain.

Risks Relating to Our Search for, and Consummation of or Inability
to Consummate, a Business Combination

Our 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.

We may choose not to hold a shareholder vote to
approve our initial business combination if the business combination would not require shareholder approval under applicable law or stock
exchange listing requirement. Except for as required by applicable law or stock exchange requirement, the decision as to whether we will
seek shareholder approval of a proposed business combination or will allow shareholders to sell their shares to us in a tender offer will
be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing of the transaction and whether
the terms of the transaction would otherwise require us to seek shareholder approval. Even if we seek shareholder approval, the holders
of our founder shares will participate in the vote on such approval. Accordingly, we may complete our initial business combination even
if a majority of our public shareholders do not approve of the business combination we complete. Please see the