Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 107

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 107
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 date by which we must consummate our initial
business combination, and we are unable to consummate our initial business combination within the applicable time period, we will, as
promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares for a pro rata portion
of the funds held in the trust account, subject to our obligations under Cayman Islands law to provide for claims of creditors and the
requirements of other applicable law. In such event, the rights may be worthless.

If we seek shareholder approval of our initial business combination,
our sponsor, initial shareholders, directors, executive officers, advisors and their affiliates may elect to purchase shares or public
rights from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float”
of our securities.

If we seek shareholder approval of our initial business
combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules,
our sponsor, initial shareholders, directors, executive officers, advisors or their affiliates may purchase public shares or rights in
privately negotiated transactions or in the open market either prior to or following the completion of our initial business combination,
although they are under no obligation to do so. Any such price per share may be different than the amount per share a public shareholder
would receive if it elected to redeem its shares in connection with our initial business combination. Such a purchase may include a contractual
acknowledgment that such shareholder, although still the record holder of our shares, is no longer the beneficial owner thereof and therefore
agrees not to exercise its redemption rights.

In the event that our sponsor, initial shareholders, directors, executive
officers, advisors or their affiliates purchase shares in privately negotiated transactions from public shareholders who have already
elected to exercise their redemption rights, such selling shareholders would be required to revoke their prior elections to redeem their
shares. It is intended that, if Rule 10b-18 would apply to purchases by sponsor, initial shareholders, directors, officers,
advisors and their affiliates, then such purchases will comply with Rule 10b-18 under the Exchange Act, to the extent it
applies, which provides a safe harbor for purchases made under certain conditions, including with respect to timing, pricing and volume
of purchases.

Additionally, at any time at or prior to our initial
business combination, subject to applicable securities laws (including with respect to material nonpublic information), our sponsor, initial
shareholders