Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 10

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 10
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.32. It has since cooled but remains up 2.3% in the past 24 hours, according to CoinGecko.

Crypto-focused venture firms and companies have
backed the merger, including Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund and Kraken.

Bart Smith, the former CEO of major crypto market
maker Susquehanna Crypto, has been named CEO of Avalanche Treasury Co.

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Avalanche Treasury Co. plans to be active onchain

The company said that it will conduct additional
activities to generate revenue “beyond passive accumulation” and also plans to be active on the Avalanche blockchain.

It added that it will deploy funds via “targeted
protocol investments,” assist enterprises with tokenizing real-world assets and stablecoins, and establish its own validator infrastructure.

“Many institutions have difficulty accessing
digital assets or are limited to holding native tokens without yield or ecosystem integration,” Smith said. “We created Avalanche
Treasury Co. to offer something we believe will be more valuable than passive exposure.”

The company joins the likes of AgriFORCE Growing
Systems, which announced on Sept. 22 that it will rebrand as AVAX One and purchase $700 million worth of AVAX.

Company aims to offer “discount”
compared to token

Avalanche Treasury Co. said it will launch “with
an initial AVAX token purchase at a discount to market price and 18-month priority on Avalanche Foundation sales to US digital asset
treasury companies.”

The company is aiming for a multiple of net asset
value (mNAV) of 0.77, which it touted as a “23% discount compared to buying AVAX directly.”

However, analysts from NYDIG recently argued
that the mNAV metric is misleading as it doesn’t properly represent a company’s financial position.

Additional Information and Where to Find It

Pubco and Newco intend
to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended,
the “Registration Statement”), which will include a preliminary proxy statement of Mountain Lake and a prospectus (the “Proxy
Statement/Prospectus”) in connection with the business combination (“Business Combination”) between Mountain Lake,
Pubco and Newco and concurrent private placement of Newco units (the “Private Placement”, together with the Business Combination,
the “Proposed Transactions”). The definitive proxy statement and