Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 7

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 7
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 23% discount compared to direct purchases or passive ETFs. “Many institutions have difficulty accessing
digital assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer
something we believe will be more valuable than passive exposure,” said AVAT CEO Bart Smith.

Strategic Deployment Across Avalanche Ecosystem

AVAT plans to invest in projects that boost Avalanche’s
adoption. It also aims to support institutional-level blockchains. In addition, the company will form partnerships for on-chain real-world
assets and payment systems.

Furthermore, AVAT wants to hold more than $1
billion in AVAX after it goes public, a move which will help the firm becoming a major participant in the Avalanche ecosystem. AVAT’s
advisory board features leading experts from crypto and traditional finance, including Jason Yanowitz, Stani Kulechov, Emin Gün
Sirer, and Haseeb Qureshi. Dragonfly, ParaFi Capital, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, and Kraken are among
the leading cryptocurrency and investment firms supporting AVAT.

Ecosystem Impact and Market Context

Avalanche is becoming popular with companies,
banks, and governments as a blockchain solution. Its multi-L1 setup lets users create custom blockchains that can easily work together
across the network.

Bitwise Europe recently launched the Avalanche
Staking ETP on Deutsche Börse Xetra, offering AVAX exposure with staking rewards. According to CoinMarketCap, as of writing, AVAX
trades at $30.76, up 2.63% over 24 hours, with a $1.19 billion trading volume.

AVAT’s move shows a new approach to crypto
treasuries. Investors get easier access to AVAX while also helping Avalanche grow.

Avalanche Treasury Co. strikes $675 million merger deal to form AVAX DAT

By James Hunt

Quick Take

| ● | The merger with Mountain Lake Acquisition Corp. includes                                                                                     
 $460 million in projected treasury funding and an initial $200 million discounted AVAX purchase allocation through the Avalanche Foundation. |

| ● | Avalanche Treasury Co.’s long-term strategy is to grow                                               
 its digital asset treasury to over $1 billion and create a leading public vehicle for AVAX exposure. |

Avalanche AVAX +1.30%

Treasury Co. (AVAT) announced a definitive business
combination agreement with Mountain Lake