Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 244

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 244
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 further liquidating distributions or other distributions, if any), subject to our obligations under Cayman
Islands law to provide for claims of creditors and the requirements of other applicable law.

We may decide not to seek to extend the term we have to consummate
our initial business combination, in which case we would redeem our public shares, and the rights may be worthless.

We have until the end of the
completion window to consummate our initial business combination. If we anticipate that we may be unable to consummate our initial business
combination within such period, we may seek shareholder approval to amend our amended and restated memorandum and articles of association
to extend the date by which we must consummate our initial business combination. However, we may decide not to seek to extend the date
by which we must consummate our initial business combination. If we do not seek to extend the date by which we must consummate our initial
business combination, and we are unable to consummate our initial business combination within the applicable time period, we will, as
promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares for a pro rata portion
of the funds held in the trust account, subject to our obligations under Cayman Islands law to provide for claims of creditors and the
requirements of other applicable law. In such event, the rights may be worthless.

If we seek shareholder approval of our initial business combination,
our sponsor, initial shareholders, directors, executive officers, advisors 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.

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 public shares or 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 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. Such a purchase may include a contractual
acknowledgment that such shareholder, although still the record holder of our shares, is no longer the beneficial owner thereof and therefore
agrees not to exercise its redemption rights.

In the event that our