Company: MLAC
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108244
Chunk: 152

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part II, Item 1
Chunk 152
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Item 1. Legal Proceedings

None

Item 1A. Risk Factors

Factors that could cause our actual results to
differ materially from those in this report include the risk factors described in our Annual Report on Form 10-K with the SEC. As of
the date of this Report, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K filed with
the SEC, except as set forth below:

The Proposed Business Combination may not
be completed on the terms or timeline currently contemplated, or at all.

The consummation of the Proposed Business Combination
is subject to numerous conditions, including the effectiveness of the registration statement to be filed by us as part of the Proposed
Business Combination, and other customary closing conditions, and there can be no assurance that the Proposed Business Combination will
be consummated.

If the Proposed Business Combination is not completed
for any reason, the price of our Class A ordinary shares may decline to the extent that the market price of our Class A ordinary shares
reflects or previously reflected positive market assumptions that the Proposed Business Combination would be completed and the related
benefits would be realized. In addition, we have expended and will continue to expend significant management time and resources and have
incurred and will continue to incur significant expenses due to legal, advisory, printing, and financial services fees related to the
Proposed Business Combination. These expenses must be paid regardless of whether the Proposed Business Combination is consummated.

If the Proposed Business Combination is not completed
for any reason, our ongoing business and financial results may be adversely affected and, without realizing any of the benefits of having
completed the Proposed Business Combination, we will be subject to a number of risks, including the following:

●we
                                            will be required to pay costs relating to the Proposed Business Combination, which are substantial,
                                            such as legal, accounting, financial advisory, and printing fees, whether or not the Proposed
                                            Business Combination is completed;

●time
                                            and resources committed by our management to matters relating to the Proposed Business Combination
                                            could otherwise have been devoted to pursuing other beneficial opportunities; and

●we
                                            may experience negative reactions from financial markets, including negative impacts on the
                                            price of our Class A ordinary shares, including to the extent that the current market price
                                            reflects a market assumption that the Proposed Business Combination will be completed.

During the pendency of the Business Combination
Agreement, we may not be able to enter into a business combination