Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 147

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 147
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 we will, therefore, have priority over any special purpose acquisition companies they subsequently join. In addition,
because we may consummate a business combination with a target in a broad array of industries, we do not believe that any such potential
conflicts would materially affect our ability to complete our initial business combination. For a complete discussion of our executive
officers’ and directors’ other business affairs, please see “Management — Officers and Directors.”

Our
officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other
entities, including blank check companies, and, accordingly, may have conflicts of interest in allocating their time and in determining
to which entity a particular business opportunity should be presented.

Until
we consummate our initial business combination, we intend to engage in the business of identifying and combining with one or more businesses.
Our sponsor and our officers and directors are, and in the future may become, affiliated with such entities (such as operating companies
or investment vehicles) that are engaged in a similar business. We do not have employment contracts with our officers and directors that
will limit their ability to work at other businesses. Our officers and directors presently and any in the future may have, additional
fiduciary or contractual obligations to other entities pursuant to which such officer or director is or will be required to present a
business combination opportunity to such entities. Accordingly, they may have conflicts of interest in determining to which entity a
particular business opportunity should be presented. These conflicts may not be resolved in our favor and a potential target business
may be presented to another entity prior to its presentation to us.

Our
officers and directors presently and in the future may have additional, fiduciary or contractual obligations to other entities pursuant
to which such officer or director is or will be required to present a business combination opportunity. Accordingly, if any of our officers
or directors becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then-current fiduciary
or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such opportunity to such
entity. In addition, certain of our officers and directors are members of our sponsor and own membership interests of our sponsor. The
remaining membership interests are held by third party investors that are not affiliated with members of our management. We do not believe,
however, that the fiduciary duties or contractual obligations of our officers or directors will