Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 956

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 956
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 an appropriate business with which to effectuate our initial business combination.

●In the event our sponsor or an affiliate of sponsor or certain
of our officers and directors provides loans to us to finance transaction costs and/or incur expenses on our behalf in connection with
an initial business combination, such persons may have a conflict of interest in determining whether a particular target business is
an appropriate business with which to effectuate our initial business combination as such loans may not be repaid and/or such expenses
may not be reimbursed unless we consummate such business combination.

●Our officers and directors may have a conflict of interest
with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included
by a target business as a condition to any agreement with respect to our initial business combination.

We are not prohibited
from pursuing an initial business combination with a business combination target that is affiliated with our sponsor, officers or
directors or completing the business combination through a joint venture or other form of shared ownership with our sponsor,
officers or directors. In the event we seek to complete our initial business combination with a business combination target that is
affiliated with our sponsor, executive officers or directors, we, or a committee of independent directors, would obtain an opinion
from an independent investment banking which is a member of FINRA or a valuation or appraisal firm, that such initial business
combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other
context. Furthermore, in no event will our sponsor or any of our existing officers or directors, or any of their respective
affiliates, be paid by the company any finder’s fee, consulting fee or other compensation prior to, or for any services they
render in order to effectuate, the completion of our initial business combination. Further, commencing on the date our securities
are first listed on Nasdaq, we will also pay our sponsor (and/or its affiliates or designees) an aggregate of up to $20,000 per
month for office space, secretarial and administrative services provided to members of our management team.

69

We cannot assure you that any of the above mentioned
conflicts will be resolved in our favor.

In the event that we submit our initial business
combination to our public shareholders for a vote, our initial shareholders have agreed to vote their founder shares, and they and the
other members of our management team have agreed to vote any founder shares they hold and any