Company: MLAC
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108244
Chunk: 1

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 445,000,000 shares authorized; 805,000 issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of September 30, 2025 and December 31, 2024 
     81  
     81 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,187,500 shares issued and outstanding as of September 30, 2025 and December 31, 2024 
     719  
     719 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (7,391,347) 
     (6,480,797)
  
    Total Shareholders’ Deficit 
     (7,390,547) 
     (6,479,997)
  
    TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $239,861,376  
    $233,231,190 

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

 1

MOUNTAIN LAKE ACQUISITION CORP.

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

    For the Three Months Ended September 30,  
    For the
 Nine Months
 Ended
 September 30,  
    For the
 Period from 
June 14,
 2024 (inception) 
through 
September 30, 

    2025  
    2024  
    2025  
    2024 
  
    General and administrative expenses 
    $394,195  
    $25,805  
    $910,550  
    $44,758
  
    Loss from operations 
     (394,195) 
     (25,805) 
     (910,550) 
     (44,758)

    Other income: 

    Interest earned on cash and marketable securities held in Trust Account 
     2,527,476  
     —  
     7,258,722  
     — 

    Net income (loss) 
    $2,133,281