Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 69

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 69
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 public offering. We intend to effectuate
our initial business combination using cash from the proceeds of the initial public offering and the private placement of the private
units, the proceeds of the sale of our shares in connection with our initial business combination (including pursuant to forward purchase
agreements or backstop agreements we may enter into), shares issued to the owners of the target, debt issued to bank or other lenders
or the owners of the target, other securities issuances or a combination of the foregoing. We may seek to complete our initial business
combination with a company or business that may be financially unstable or in its early stages of development or growth, which would subject
us to the numerous risks inherent in such companies and businesses.

We will provide our public
shareholders with the opportunity to redeem all or a portion of their Class A Ordinary Shares (up to an aggregate of 15% of the shares
sold in the initial public offering) upon the completion of our initial business combination either (i) in connection with a general
meeting called to approve the business combination or (ii) without a shareholder vote by means of a tender offer. Each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against an initial business combination, or whether they
do not vote or abstain from voting on the initial business combination. If we seek shareholder approval, we will complete our initial
business combination only if we receive the affirmative vote of at least a majority of the votes cast by the shareholders of the issued
shares present in person or represented by proxy and entitled to vote on such matter at a general meeting of the company and are voted
at a general meeting of the company. The decision as to whether we will seek shareholder approval of a proposed business combination or
conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the
transaction and whether the terms of the transaction would require us to seek shareholder approval under applicable law or stock exchange
listing requirement.

We have until the end of the
completion window to consummate our initial business combination. While we currently do not plan to extend the time to complete a business
combination beyond 18 months, if we anticipate that we may be unable to consummate our initial business combination within such 18-month
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