Company: MLAC
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108244
Chunk: 64

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 table presents a reconciliation of the numerator and
denominator used to compute basic and diluted net income (loss) ordinary share for each class of ordinary shares:

    For the Three Months Ended September 30,  
    For the Nine Months Ended  September 30,  
    For the Period from June 14, 2024  (inception) through  September 30, 

    2025  
    2024  
    2025  
    2024 

    Class A
 Ordinary Shares  
    Class B
 Ordinary Shares  
    Class A
 Ordinary Shares  
    Class B
 Ordinary Shares  
    Class A
 Ordinary Shares  
    Class B
 Ordinary Shares  
    Class A
 Ordinary Shares  
    Class B
 Ordinary Shares 
  
    Basic and diluted net income (loss) per share: 

    Numerator: 

    Allocation of net income (loss) 
    $1,638,550  
    $494,731  
    $      —  
    $(25,805) 
    $4,875,961  
    $1,472,211  
    $    —  
    $(44,758)
  
    Denominator: 

    Weighted-average shares outstanding 
     23,805,000  
     7,187,500  
     —  
     6,250,000  
     23,805,000  
     7,187,500  
     —  
     6,250,000 
  
    Basic and diluted net income (loss) per common stock 
    $0.07  
    $0.07  
    $—  
    $(0.00) 
    $0.20  
    $0.20  
    $—  
    $(0.01)

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant
adverse impact on the Company’s financial condition, results of operations, and cash flows.

Share Rights

The Company accounts for the Public and Private
Placement Rights issued in connection with the Initial Public Offering and the private placement