Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 77

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 77
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 for example:

●we issue ordinary shares that will be equal to or in excess
of 20% of the number of our ordinary shares then outstanding (other than in a public offering);

●any of our directors, officers or substantial security holders
(as defined by Nasdaq rules) has a 5% or greater interest, directly or indirectly, in the target business or assets to be acquired and
if the number of ordinary shares to be issued, or if the number of ordinary shares into which the securities may be convertible or exercisable,
exceeds either (a) 1% of the number of ordinary shares or 1% of the voting power outstanding before the issuance in the case of
any of our directors and officers or (b) 5% of the number of ordinary shares or 5% of the voting power outstanding before the issuance
in the case of any substantial securityholders; or

●the issuance or potential issuance of ordinary shares will
result in our undergoing a change of control.

The decision as to whether we will seek shareholder
approval of a proposed business combination in those instances in which shareholder approval is not required by applicable law or stock
exchange rule will be based on business and other reasons, which include a variety of factors, including, but not limited to:

●the timing of the transaction, including in the event we
determine shareholder approval would require additional time and there is either not enough time to seek shareholder approval or doing
so would place the company at a disadvantage in the transaction or result in other additional burdens on the company;

●the expected cost of holding a shareholder vote;

●the risk that the shareholders would fail to approve the
proposed business combination;

●other time and budget constraints of the company; and

●additional legal complexities of a proposed business combination
that would be time-consuming and burdensome to present to shareholders.

Permitted Purchases of Our Securities

If we seek shareholder approval of our initial business
combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules,
our sponsor, initial shareholders, directors, executive officers, advisors or their affiliates may purchase shares or public rights in
privately negotiated transactions or in the open market either prior to or following the completion of our initial business combination,
although they are under no obligation or duty to do so. Any such price per share may be different than the amount per share a public shareholder
would receive if it elected to redeem its shares in connection with our initial business combination