Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 82

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 82
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 we will seek
shareholder approval of a proposed initial business combination or conduct a tender offer will be made by us, solely in our discretion,
and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would require
us to seek shareholder approval under applicable law or stock exchange listing requirements. Asset acquisitions and share purchases would
not typically require shareholder approval while direct mergers with our company where we do not survive and any transactions where we
issue more than 20% of our outstanding ordinary shares or seek to amend our amended and restated memorandum and articles of association
would require shareholder approval. So long as we obtain and maintain a listing for our securities on Nasdaq, we will be required to comply
with the Nasdaq’s shareholder approval rules.

The requirement that we provide our public shareholders
with the opportunity to redeem their public shares by one of the two methods listed above will be contained in provisions of our amended
and restated memorandum and articles of association and will apply whether or not we maintain our registration under the Exchange Act
or our listing on Nasdaq. Such provisions may be amended if approved by a special resolution passed by the affirmative vote of at least
two-thirds of our ordinary shares which are represented in person or by proxy and are voted at a general meeting of the company,
so long as we offer redemption in connection with such amendment.

If we provide our public shareholders with the opportunity
to redeem their public shares in connection with a shareholder meeting, we will:

●conduct the redemptions in conjunction with a proxy solicitation
pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender
offer rules, and

●file proxy materials with the SEC.

In the event that we seek shareholder approval of
our initial business combination, we will distribute proxy materials and, in connection therewith, provide our public shareholders with
the redemption rights described above upon completion of the initial business combination.

11

If we seek shareholder approval, we will complete our initial business
combination only if we receive the approval of an ordinary resolution under Cayman Islands law, passed by the affirmative vote of at least
a majority of the votes cast by the shareholders of the issued shares represented in person or represented by proxy and are voted at a
general meeting of the company. In accordance with our amended and restated memorandum and articles of association, a quorum for such
meeting will be present if the holders