Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-097100
Chunk: 13

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 13
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 days following the execution date of the Company Unit Subscription Agreement, and fund its AVAX as
soon as reasonably possible after the execution date of the Company Unit Subscription Agreement, in any case on or prior to November 7,
2025, in accordance with the terms of the Company Unit Subscription Agreements.

At the Company Merger Effective
Time, each Subscribed Unit held by Company Unit Investors will be converted automatically into one share of Pubco Class A Stock.

Pursuant to the Company Unit
Subscription Agreement, Pubco agreed to use commercially reasonable efforts to cause the Pubco Class A Stock into which the Subscribed
Units will be converted upon consummation of the Company Merger to be registered on the Registration Statement. If such securities cannot
be registered on the Registration Statement, Pubco agreed to file or confidential submit a resale registration statement within 30 days
following the Closing Date.

The form of Company Unit Subscription Agreement is filed as Exhibits 10.5 to this Current Report on Form 8-K, and the foregoing description thereof does not purport to be complete and is qualified in its entirety by reference to the full text of the forms of the Company Unit Subscription Agreement and the terms of which are incorporated by reference herein.

Item 3.02. Unregistered Sale of Equity Securities.

The
disclosure set forth above in Item 1.01 and below in Item 8.01 of this Current Report on Form 8-K is incorporated by reference herein,
to the extent applicable. Neither the Subscribed Units to be issued pursuant to the Company Unit Subscription Agreements, the Seller Units
issued pursuant to the Dragonfly Contribution nor the Foundation Shares (in each case as defined below) will be registered under the Securities
Act of 1933, as amended, in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation
D promulgated thereunder.

Item 8.01. Other Events.

Contribution Agreement

Concurrently with the
execution of the Business Combination Agreement and the TSA (as defined below), the Seller, the Company, Pubco, Avalanche BVI and Avalanche Cayman, entered into
an asset sale and contribution agreement (the “Contribution Agreement”), pursuant to which, on the date of the
Business Combination Agreement: (a) the Foundation agreed to sell a minimum of $200 million of AVAX tokens on a pre-discount basis
to the Company on the terms and subject to the conditions set forth in a Token