Company: MLAC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042737
Chunk: 97

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 97
---
 the Company
did not withdraw any interest income from the Trust Account.

            Gross             Amortized   Holding          Held To Maturity  Cost   Loss   Fair Value   March 31,2025  U.S. Treasury Securities (Mature on June 12, 2025)  $233,982,564   $(79,239)  $233,903,326  

13 

MOUNTAIN LAKE ACQUISITION
CORP.

NOTES TO CONDENSED FINANCIAL
STATEMENTS

MARCH 31, 2025

(Unaudited)

At December 31, 2024, assets held in the Trust
Account were comprised of $593 in cash and $231,643,260 in U.S. Treasury securities. During the period from June 14, 2014 (inception)
through December 31, 2024, the Company did not withdraw any interest income from the Trust Account.

             Gross              Amortized   Holding          Held To Maturity   Cost   Loss   Fair Value   December 31, 2024   U.S. Treasury Securities (Mature on June 12, 2025)   $231,643,260   $(128,995)  $231,514,265  

The following table presents information about the Company’s
assets that are measured at fair value as of March 31, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation
inputs the Company utilized to determine such fair value:

    Level  
    March 31, 2025  
    December 31, 2024 
  
    Assets: 

    U.S. Treasury Securities 
     1  
    $233,982,564  
    $231,643,260 

NOTE 9 — SEGMENT INFORMATION 

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s CODM, or group, in deciding how