Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 83

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 83
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 of one third of issued and outstanding shares entitled to vote at the meeting are represented in
person or by proxy. Our initial shareholders will count towards this quorum and, pursuant to the letter agreement, our sponsor, officers
and directors have agreed to vote any founder shares they hold and any public shares purchased (including in open market and privately-negotiated transactions)
in favor of our initial business combination. For purposes of seeking approval of an ordinary resolution, non-votes will have no
effect on the approval of our initial business combination once a quorum is obtained. As a result, assuming that only the holders of one-third of
our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association,
vote their ordinary shares at a general meeting of the company, we will not need any public shares in addition to our founder shares to
be voted in favor of an initial business combination in order to approve an initial business combination. However, if our initial business
combination is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial
business combination will require a special resolution passed by the affirmative vote of at least two-thirds of our ordinary shares
which are represented in person or by proxy and are voted at a general meeting of the company These quorum and voting thresholds, and
the voting agreements of our initial shareholders, may make it more likely that we will consummate our initial business combination. However,
if our initial business combination is structured as a statutory merger or consolidation with another company under Cayman Islands law,
the approval of our initial business combination will require a special resolution, passed by the affirmative vote of at least two-thirds of
the votes cast by the shareholders of the issued shares represented in person or represented by proxy and entitled to vote on such matter
at a general meeting of the company and are voted at a general meeting of the company. Each public shareholder may elect to redeem its
public shares irrespective of whether they vote for or against the proposed transaction, or whether they do not vote or abstain from voting
on the proposed transaction, or whether they were a shareholder on the record date for the shareholder meeting held to approve the proposed
transaction.

If a shareholder vote is not required and we do
not decide to hold a shareholder vote for business or other legal reasons, we will:

●conduct the redemptions pursuant to Rule 13e-4 and
Regulation 14E of the Exchange