Company: MLAC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073711
Chunk: 26

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial
information is available that is regularly evaluated by the Company’s chief operating officer decision maker (“CODM”),
or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified
as the Chief Executive Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single
segment and decides how to allocate resources based on net income (loss) that also is reported on the condensed statement of operations
as net income (loss). The measure of segment assets is reported on the condensed balance sheets as total assets. When evaluating the
Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    June 30,  
    December 31, 

    2025  
    2024 
  
    Cash 
    $1,160,883  
    $1,383,392 
  
    Cash and marketable securities held in Trust Account 
    $236,375,099  
    $231,643,853 

    For the Three Months Ended June 30,
 2025  
    For the Six Months Ended June 30,
 2025  
    For the period from June 14, 2024 (inception) through  June 30,
 2024 
  
    Operating and formation costs 
    $195,572  
    $516,355  
    $18,953 
  
    Interest earned on marketable securities held in Trust Account 
    $2,391,942  
    $4,731,246  
    $— 

The CODM reviews interest earned on marketable
securities held in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with
the Trust Account funds while maintaining compliance with the trust agreement. Operating and formation costs are reviewed and monitored
by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination within the business
combination period. The CODM also reviews operating and formation costs to manage, maintain and enforce all contractual agreements to
ensure costs are aligned with all agreements