Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 103

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 103
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, we will need to reserve a portion of the cash in the trust account to meet such requirements, or arrange for third
party financing. In addition, if a larger number of shares is submitted for redemption than we initially expected, we may need to restructure
the transaction to reserve a greater portion of the cash in the trust account or arrange for third party financing. Raising additional
third-party financing may involve dilutive equity issuances or the incurrence of indebtedness at higher than desirable levels. Furthermore,
this dilution would increase to the extent that the anti-dilution provision of the Class B Ordinary Shares results in the issuance
of Class A Ordinary Shares on a greater than one-to-one basis upon conversion of the Class B Ordinary Shares at the time
of our initial business combination. In addition, the amount of the deferred underwriting commissions payable to the underwriters will
not be adjusted for any shares that are redeemed in connection with an initial business combination. The per share amount we will distribute
to shareholders who properly exercise their redemption rights will not be reduced by the deferred underwriting commission and after such
redemptions, the amount held in trust will continue to reflect our obligation to pay the entire deferred underwriting commissions. The
above considerations may limit our ability to complete the most desirable business combination available to us or optimize our capital
structure. As a result, our obligations to redeem public shares for which redemption is requested and to pay the deferred underwriting
commissions may not allow us to complete the most desirable business combination or optimize our capital structure.

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In addition, raising additional third-party financing may involve
dilutive equity issuances or the incurrence of indebtedness at higher than desirable levels. Furthermore, this dilution would increase
to the extent that the anti-dilution provisions of the Class B Ordinary Shares result in the issuance of Class A Ordinary
Shares on a greater than one-to-one basis upon conversion of the Class B Ordinary Shares at the time of our business combination.
The above considerations may limit our ability to complete the most desirable business combination available to us or optimize our capital
structure and may result in substantial dilution from your purchase of our Class A Ordinary Shares. The effect of this dilution will
be greater for shareholders who do not redeem. The amount of the deferred underwriting compensation payable to the underwriters will not
be adjusted for any shares that are redeemed in connection with an initial business combination,