Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 59

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 59
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 the redemption of the public shares if the Company
is unable to complete an initial business combination within 18 months from the closing of the initial public offering, subject to certain
conditions as described in the Company’s amended and restated memorandum and articles of association, subject to applicable law.
If we seek shareholder approval for an extension, holders of Class A Ordinary Shares will be offered an opportunity to redeem their shares
at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon
(which interest shall be net of taxes payable), divided by the number of then issued and outstanding Class A Ordinary Shares, subject
to applicable law.

1

Our Sponsor

Our sponsor is a Delaware limited liability company,
which was formed to invest in us. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability
Company Act and other applicable law, our sponsor’s business is focused on investing in our company. The managing members of the
sponsor are Paul Grinberg, the Chief Executive Officer and Chairman of the board, and Douglas Horlick, our Chief Financial Officer, Director,
and President. Mr. Grinberg and Mr. Horlick control the management of our sponsor, including the exercise of voting and investment
discretion over the securities of our company held by our sponsor.

Competitive Strengths

We will seek to capitalize
on the significant experience and relationships of our Chief Executive Officer and Chairman of the board, Paul Grinberg, and our Chief
Financial Officer and President, Douglas Horlick, and the members of our board of directors in identifying and consummating an initial
business combination. Our leadership has deep operational and oversight expertise as executives and investors across public and private
companies as well as acquisition and fundraising experience spanning multiple decades. With years of experience, the members of our
management team and board have successfully identified and capitalized on emerging technological and secular trends across different sectors.
In addition, our management team and board has deep transaction experience, having executed and integrated numerous transactions as operators,
investors and advisors. We believe that the extensive experience that members of our management team and board have gained from working
with and managing publicly traded companies will position us to identify, evaluate and acquire an attractive initial business combination
target. Further, our management team and board’s expertise will enable us to deliver differentiated guidance to the target company’s
management team in order to support its growth and success post-initial business combination. We believe our competitive strengths include