Company: MLAC
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108244
Chunk: 0

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Interim Financial Statements.

MOUNTAIN LAKE ACQUISITION CORP.

CONDENSED BALANCE SHEETS

    September 30,  
    December 31, 

    2025  
    2024 
  
    ASSETS 
    (Unaudited)  

    Current assets 

    Cash 
    $845,830  
    $1,383,392 
  
    Prepaid expenses 
     2,070  
     23,669 
  
    Prepaid insurance 
     92,500  
     92,500 
  
    Total Current Assets 
     940,400  
     1,499,561 

    Long-term prepaid insurance 
     18,401  
     87,776 
  
    Cash and marketable securities held in Trust Account 
     238,902,575  
     231,643,853 
  
    TOTAL ASSETS 
    $239,861,376  
    $233,231,190 

    LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    Current liabilities 

    Accounts payable and accrued expenses 
    $298,660  
    $7,401 
  
    Accrued offering costs 
     —  
     6,750 
  
    Due to Sponsor 
     688  
     3,183 
  
    Total Current Liabilities 
     299,348  
     17,334 

    Deferred underwriting fee payable 
     8,050,000  
     8,050,000 
  
    Total Liabilities 
     8,349,348  
     8,067,334 

    Commitments and Contingencies 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.39 and $10.07 per share as of September 30, 2025 and December 31, 2024, respectively 
     238,902,575  
     231,643,853 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; 0 shares issued or outstanding as of September 30, 2025 and December 31, 2024