Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 119

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 119
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 nevertheless be considered to be operating as an unregistered investment company. If our facts and circumstances change
over time, we will update our disclosure in future filings with the SEC to reflect how those changes impact the risk that we may be considered
to be operating as an unregistered investment company.

If
we were deemed to be an investment company for purposes of the Investment Company Act, we would need to register as such under the Investment
Company Act and compliance with these additional regulatory burdens would require additional expenses for which we have not allotted
funds and may hinder our ability to complete a business combination. We may also be forced to abandon our efforts to complete an initial
business combination, and instead be required to liquidate the trust account and may be required to change our operations or wind down
our operations. In which case, our investors would not be able to realize the benefits of owning shares in a successor operating business,
including the potential appreciation in the value of our securities following such a transaction, and our rights would expire worthless.

28

If
we were deemed to be an investment company for purposes of the Investment Company Act, compliance with these additional regulatory burdens
would require additional expenses for which we have not allotted funds and may hinder our ability to complete a business combination.
We may also be forced to abandon our efforts to complete an initial business combination and instead be required to liquidate the trust
account. If we are required to liquidate the trust account, our investors would not be able to realize the benefits of owning shares
in a successor operating business, including the potential appreciation in the value of our securities following such a transaction,
and our rights would expire worthless. On the liquidation of our trust account, our public shareholders may receive only approximately
$10.05, or less in certain circumstances, and our rights will expire worthless. Changes in laws or regulations or in how such laws or
regulations are interpreted or applied, or a failure to comply with any laws and regulations, may adversely affect our business, including
our ability to negotiate and complete our initial business combination, and results of operations.

We
are subject to rules and regulations enacted by various national, regional and local governing bodies, including for example, the SEC,
and to new and evolving regulatory measures under applicable law. Compliance with, and monitoring of, applicable laws and regulations
may be difficult, time consuming and costly and our efforts to comply with such new and evolving laws and regulations have resulted in
and are likely to continue to result in, increased general and administrative