Company: MLAC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073711
Chunk: 2

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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,805,000  
     23,805,000  
     — 
  
    Basic and diluted net income (loss) per share, Class A ordinary shares 
    $0.07  
    $0.14  
    $— 
  
    Weighted average shares outstanding, Class B ordinary shares(1) 
     7,187,500  
     7,187,500  
     6,562,500 
  
    Basic and diluted net income (loss) per share, Class B ordinary shares 
     0.07  
    $0.14  
    $(0.00)

  (1) Excluded up to 984,375 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (Note 5).  

The accompanying notes are an integral part of
the unaudited condensed financial statements.

2

MOUNTAIN LAKE ACQUISITION CORP

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’
EQUITY (DEFICIT)

FOR THE THREE AND SIX MONTHS ENDED JUNE 30,
2025

(UNAUDITED)

    Class A Ordinary Shares  
    Class B Ordinary Shares  
    Additional Paid-in  
    Accumulated  
    Total Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance — January 1, 2025 
     805,000  
    $81  
     7,187,500  
    $719  
    $—  
    $(6,480,797) 
    $(6,479,997)
  
    Accretion for Class A ordinary shares to redemption amount 
     —  
     —  
     —  
     —  
     —  
     (2,339,304) 
     (2,339,304)
  
    Net income 
     —  
     —  
     —  
     —  
     —  
     2,018,521  
     2,018,521 
  
    Balance — March 31, 2025 (unaudited) 
     805,000  
     81  
     7,187