Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 153

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 153
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 public shares if
we are unable to complete an initial business combination within the completion window for any reason, compliance with Cayman Islands
law may require that we submit a plan of dissolution to our then-existing shareholders for approval prior to the distribution of
the proceeds held in our trust account. In that case, public shareholders may be forced to wait beyond the completion window before they
receive funds from our trust account. In no other circumstances will a public shareholder have any right or interest of any kind in the
trust account. Holders of rights will not have any right to the proceeds held in the trust account with respect to the rights. Accordingly,
to liquidate your investment, you may be forced to sell your public shares or rights, potentially at a loss.

Nasdaq
may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities
and subject us to additional trading restrictions.

Our
units, Class A Ordinary Shares and rights are listed on Nasdaq. We cannot guarantee that our securities will be approved for listing
on Nasdaq. Although we expect to meet, on a pro forma basis, the minimum initial listing standards set forth in Nasdaq listing standards,
we cannot assure you that our securities will continue to be, listed on Nasdaq in the future or prior to our initial business combination.
In order to continue listing our securities on Nasdaq prior to our initial business combination, we must maintain certain financial,
distribution and share price levels. Generally, we must maintain a minimum market value of listed securities (generally $50,000,000)
and a minimum number of holders of our securities (generally 400 public holders). Additionally, in connection with our initial business
combination, we will be required to demonstrate compliance with Nasdaq’s initial listing requirements, which are more rigorous
than Nasdaq’s continued listing requirements, in order to continue to maintain the listing of our securities on Nasdaq. For instance,
unless we decide to list on a different Nasdaq tier such as the Nasdaq Capital Market which has different initial listing requirements,
our share price would generally be required to be at least $4.00 per share and we would be required to have a minimum of 400 round lot
holders of our securities. We cannot assure you that we will be able to meet those initial listing requirements at that time.

If
Nasdaq delists our securities from trading on its exchange and we are not able to list our securities on another national securities
exchange,