Company: MLAC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073711
Chunk: 1

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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2024 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 445,000,000 shares authorized; 805,000 issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of June 30, 2025 and December 31, 2024 
     81  
     81 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,187,500 shares issued and outstanding as of June 30, 2025 and December 31, 2024 
     719  
     719 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (6,997,152) 
     (6,480,797)
  
    Total Shareholders’ Deficit 
     (6,996,352) 
     (6,479,997)
  
    TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $237,676,418  
    $233,231,190 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

MOUNTAIN LAKE ACQUISITION CORP

CONDENSED STATEMENTS OF OPERATIONS

    For the Three Months Ended June 30, 2025 (Unaudited)  
    For the Six Months Ended June 30, 2025 (Unaudited)  
    For the period from June 14, 2024 (inception) through  June 30, 2024 
  
    Operating and formation costs 
    $195,572  
    $516,355  
    $18,953 
  
    Loss from operations 
     (195,572) 
     (516,355) 
     (18,953)

    Other income: 

    Interest earned on cash and marketable securities held in Trust Account 
     2,391,942  
     4,731,246  
     — 

    Net income (loss) 
    $2,196,370  
    $4,214,891  
    $(18,953)

    Weighted average shares outstanding, Class A ordinary shares 
     23