Company: MLAC
Filing Date: 2025-10-07
Form Type: 8-K
Source: 0001213900-25-097093
Chunk: 6

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 8-K
Item: Item 1.01
Chunk 6
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 SPAC Shareholder Approval, the SPAC board has made a change in its recommendation; and (vi)
by SPAC or the Seller, if the Extraordinary General Meeting is held and has concluded, SPAC shareholders have duly voted, and the SPAC
Shareholder Approval was not obtained.

None of the parties to the
Business Combination Agreement is required to pay a termination fee or reimburse any other party for its expenses as a result of a termination
of the Business Combination Agreement. However, each party will remain liable for willful breaches of the Business Combination Agreement
or for fraud claims prior to termination. Notwithstanding the foregoing, Pubco will also bear all fees, costs and expenses incurred by
any party or any of its affiliates in connection with the filing of the Registration Statement with the SEC and submitting a listing application
for Pubco Class A Stock to Nasdaq.

Trust Account Waiver

The Company, Pubco, Pubco
Subsidiaries and the Seller agreed that it and its affiliates will not have any right, title, interest or claim of any kind in or to any
monies in SPAC’s trust account held for its public shareholders, and agreed not to, and waived any right to, make any claim against
the trust account (including any distributions therefrom).

The Business Combination
Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and the foregoing description thereof does not purport to be complete
and is qualified in its entirety by reference to the full text of the Business Combination Agreement and the terms of which are incorporated
by reference herein. The filing of the Business Combination Agreement herewith provides investors with information regarding its terms
and is not intended to provide any other factual information about the parties. In particular, the assertions embodied in the representations
and warranties contained in the Business Combination Agreement were made as of the execution date of the Business Combination Agreement
only and are qualified by information in confidential disclosure schedules provided by the parties to each other in connection with the
signing of the Business Combination Agreement. These disclosure schedules contain information that modifies, qualifies, and creates exceptions
to the representations and warranties set forth in the Business Combination Agreement. Moreover, certain representations, warranties and
covenants in the Business Combination Agreement may have been used for the purpose of allocating risk between the parties rather than
establishing matters of fact. Accordingly, you should not rely on the representations, warranties and covenants in the Business Combination
Agreement as characterizations of the