Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 128

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 128
---
-share price, payable in cash, equal to the aggregate amount then on
deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of taxes
payable), divided by the number of then outstanding public shares. Our shareholders are not parties to, or third-party beneficiaries
of, these agreements and, as a result, will not have the ability to pursue remedies against our sponsor, officers or directors for any
breach of these agreements. As a result, in the event of a breach, our shareholders would need to pursue a shareholder derivative action,
subject to applicable law.

Certain
agreements to which we are a party may be amended without shareholder approval.

Certain
agreements to which we are a party may be amended without shareholder approval. Such agreements are: the underwriting agreement; the
letter agreement among us and our initial shareholders, sponsor, officers and directors; the registration rights agreement among us and
our initial shareholders; and the private units purchase agreement between us and our sponsor. These agreements contain various provisions
that our public shareholders might deem to be material. For example, our letter agreement and the underwriting agreement contain certain
lock-up provisions with respect to the founder shares, private units and other securities held by our initial shareholders, sponsor,
officers and directors. Amendments to such agreements would require the consent of the applicable parties thereto and would need to be
approved by our board of directors, which may do so for a variety of reasons, including to facilitate our initial business combination.
While we do not expect our board of directors to approve any amendment to any of these agreements prior to our initial business combination,
it may be possible that our board of directors, in exercising its business judgment and subject to its fiduciary duties, chooses to approve
one or more amendments to any such agreement. Any amendment entered into in connection with the consummation of our initial business
combination will be disclosed in our proxy materials or tender offer documents, as applicable, related to such initial business combination,
and any other material amendment to any of our material agreements will be disclosed in a filing with the SEC. Any such amendments
would not require approval from our shareholders, may result in the completion of our initial business combination that may not otherwise
have been possible, and may have an adverse effect on the value of an investment in our securities. For example, amendments to the lock-up provision
discussed above may result in our initial shareholders selling