Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 97

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 97
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 market value of our Class A Ordinary Shares that are held by non-affiliates exceeds
$700 million as of the prior June 30th, and (2) the date on which we have issued more than $1.0 billion
in non-convertible debt securities during the prior three-year period.

Additionally, we are a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain
reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. We will
remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our ordinary shares
held by non-affiliates is equal to or exceeds $250 million as of the prior June 30th, or (2) our annual
revenues equaled to or exceeded $100 million during such completed fiscal year and the market value of our ordinary shares held by
non-affiliates is equal to or exceeds $700 million as of the prior June 30th.

Legal Proceedings

There is no material litigation, arbitration or
governmental proceeding currently pending against us or any members of our management team and our board of directors in their capacity
as such.

Corporate Information

Our executive offices are located
at 930 Tahoe Blvd STE 802 PMB 45, Incline Village, NV 89451 and our telephone number is (775) 204-1489.

17

Item
1A. Risk Factors.

An investment in our securities involves a high
degree of risk. In connection with any actual or proposed investment in our securities, you should consider carefully all of the risks
described below, together with the other information contained in this Annual Report. If any of the following risks occur, our business,
financial condition or results may be materially and adversely affected. In that event, the trading price of our securities could decline,
and you could lose all or part of your investment. The risk factors described below are not necessarily exhaustive and you are encouraged
to perform your own investigation with respect to us and our business.

Summary Risk Factors

●We are a blank check company with no operating history and
no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.

●Our public shareholders may not be afforded an opportunity