Company: MLAC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073711
Chunk: 25

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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�— FAIR VALUE MEASUREMENTS

At June 30, 2025, assets held in the Trust Account
were comprised of $883 in cash and $236,374,216 in U.S. Treasury securities. During the six months ended June 30, 2025, the Company did
not withdraw any interest income from the Trust Account.

            Gross             Amortized   Holding          Held To Maturity  Cost   Loss   Fair Value   June 30, 2025  U.S. Treasury Securities (Mature on October 7, 2025)  $236,374,216   $(15,891)  $236,358,325  

At December 31, 2024, assets held in the Trust
Account were comprised of $593 in cash and $231,643,260 in U.S. Treasury securities. During the period from June 14, 2014 (inception)
through December 31, 2024, the Company did not withdraw any interest income from the Trust Account.

            Gross             Amortized   Holding          Held To Maturity  Cost   Loss   Fair Value   December 31, 2024  U.S. Treasury Securities (Mature on June 12, 2025)  $231,643,260   $(128,995)  $231,514,265  

13

MOUNTAIN LAKE ACQUISITION CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

(Unaudited)

The following table presents information about
the Company’s assets that are measured at fair value as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Level  
    June 30, 2025  
    December 31, 2024 
  
    Assets: 

    U.S. Treasury Securities 
     1  
    $236,374,216  
    $231,643,260 

NOTE 9 — SEGMENT INFORMATION 

ASC Topic 280, “Segment Reporting,”
establishes standards for companies