Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 3

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 3
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 treasuries. What you’ve seen most commonly is digitalized treasuries that are existing businesses that in many cases,
you know, probably haven’t been terribly successful and they either pivot or they are effectively taken over for the purposes of using
that shell to get to market quickly uh with, you know, a a a pipe investment and there’s still this kind of existing zombie business
that exists that people aren’t really primarily investing in and then there’s this other business and I feel like in those cases it’s
a little bit confusing. We have gone a different route where we are going to have a solely dedicated business that doesn’t have this
other operating business where which is a little bit more work, right? It takes more time. You have to set a company up from scratch.
Um you have to go out and and and get investors into a company that hasn’t existed. We believe that that is going to provide a better
platform for us in the long run. It will not be confu confusing to the market what our main priorities are. And so I think that there’s
going to be winners and losers in in the digital asset space the way there are in every other asset management business or every other
competing operating business uh you know in in finance or you know in stocks and so you know I believe that given my experience uh over
time I I can apply some of that experience to this and I feel like we will distinguish ourselves uh from the field.

00:06:27.680

[Brandon Gomez]

You mentioned, you know, there’s a lot of noise in the industry. There
will be some losers in the industry as well. You know, at the same time, the Wall Street Journal reports that financial regulators are
examining unusual trading patterns, right, in shares of over 200 companies that adopted a crypto treasury strategy. There’s been this
concern uh over high trading volumes. I mean, how do you sort of reconcile that conversation that’s taking place? Is that part of the
noise as well, or are there some bad actors out there right now?

00:06:57.680

[Bart Smith]

Well, I can’t speak to people’s motivations and and certainly I can’t
speak to an ongoing SEC investigation that I don’t really know much about. Um, I do think that the the purpose of kind of going the the
the spack route is that you don’t have a legacy business you have to be concerned about