Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 80

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 80
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 to purchase public shares or rights from public shareholders, they would do so at a price no higher than the
price offered through our redemption process;

●our registration statement/proxy statement filed for our
business combination transaction would include a representation that any of our securities purchased by our sponsor, initial shareholders,
directors, officers and their affiliates would not be voted in favor of approving the business combination transaction;

●our sponsor, initial shareholders, directors, officers and
their affiliates would not possess any redemption rights with respect to our securities or, if they do acquire and possess redemption
rights, they would waive such rights; and

●we would disclose in a Form 8-K, before our security
holder meeting to approve the business combination transaction, the following material items:

●the amount of our securities purchased outside of the redemption
offer by our sponsor, initial shareholders, directors, officers and their affiliates, along with the purchase price;

●the purpose of the purchases by our sponsor, initial shareholders,
directors, officers and their affiliates;

●the impact, if any, of the purchases by our sponsor, initial
shareholders, directors, officers and their affiliates on the likelihood that the business combination transaction will be approved;

●the identities of our security holders who sold to our sponsor,
initial shareholders, directors, officers and their affiliates (if not purchased on the open market) or the nature of our security holders
(e.g., 5% security holders) who sold to our sponsor, initial shareholders, directors, officers and their affiliates; and

●the number of our securities for which we have received redemption
requests pursuant to our redemption offer.

10

Please see “Risk Factors — If we
seek shareholder approval of our initial business combination, our sponsor, initial shareholders, directors, officers and their affiliates
may elect to purchase shares or public rights from public shareholders, which may influence a vote on a proposed business combination
and reduce the public “float” of our securities.”

Redemption Rights for Public Shareholders upon Completion of Our
Initial Business Combination

We will provide our public shareholders with the opportunity to redeem
all or a portion of their Class A Ordinary Shares (up to an aggregate of 15% of the shares sold in the initial public offering) upon
the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the trust account calculated as of two business days prior to the consummation of the initial business combination, including
interest earned