Company: MLAC
Filing Date: 2025-10-07
Form Type: 8-K
Source: 0001213900-25-097093
Chunk: 11

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 8-K
Item: Item 1.01
Chunk 11
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 to subscribe for the Subscribed Units with cash or USDC, the amount contributed as
set forth on the signature page to its Company Unit Subscription Agreement, or (b) if the Company Unit Investor elected to subscribe
for the Subscribed Units with AVAX, an amount (in USD) equal to the product of (x) the amount of AVAX contributed as set forth on
the signature page to its Company Unit Subscription Agreement and (y) the applicable Signing AVAX Price. “ Signing AVAX
Price” means the VWAP of AVAX denominated in USD as calculated from all executed trades on Binance (or its successor
primary spot exchange) over the five-day period ending at 8:00 p. m. New York City time on September 29, 2025.

The Company Unit Subscription
Agreements were executed concurrently with the Business Combination Agreement. Each Company Unit Investor was required to fund its respective
cash or USDC within three business 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.