Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 99

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 99
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 our activities may be restricted, which may make
it difficult for us to complete our initial business combination or force us to abandon our efforts to complete an initial business combination.

●Our officers and directors will allocate their time to other
businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of
interest could have a negative impact on our ability to complete our initial business combination.

18

●You will not have any rights or interests in funds from the
trust account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public
shares or rights, potentially at a loss.

●Nasdaq may delist our securities from trading on its exchange,
which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.

●The nominal purchase price paid by our sponsor for the founder
shares may result in significant dilution to the implied value of your public shares upon consummation of our initial business combination,
and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination
even if the business combination causes the trading price of our ordinary shares to materially decline.

●The value of the founder shares following completion of our
initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of
our ordinary shares at such time is substantially less than $10.00 per share.

●You will not be entitled to protections normally afforded
to investors of many other blank check companies.

●Because of our limited resources and the significant competition
for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we have not
completed our initial business combination within the required time period, our public shareholders may receive only approximately $10.05
per share, or less in certain circumstances, on our redemption of their shares, and our rights will expire worthless.

●If the net proceeds of the initial public offering and the
sale of the private units not being held in the trust account are insufficient to allow us to operate for at least the duration of the
completion window, it could limit the amount of cash available to fund our search for a target business or businesses and complete our
initial business combination, and we will depend on loans from our sponsor or management team to fund our search and to complete our
initial business combination.

●Past performance by our management team and their affiliates