Company: MLAC
Filing Date: 2025-12-30
Form Type: 425
Source: 0001213900-25-126602
Chunk: 19

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-12-30
Form: 425
Chunk 19
---
’re using now are qualified custodians. And I would imagine over time, if we were
to deviate from that, it would come after a pretty exhaustive set of conversations with our regulators.

Tony Edward: Oh, for sure. Bart, great stuff. Looking forward
to the future updates around the Avalanche Treasury Co. Bart, thank you so much for joining me. I got some wrap-up questions here for
you. First, if you could create your own metaverse, what would the theme be?

Bart Smith: Oh, boy. You know, I’m like a big sports fan.
And so I have like a college sports team and I have, you know, professional sports teams in the U.S. My son is a big Liverpool fan. And
so what you’re seeing, and particularly on Avalanche right now, one of the areas of growth in Avalanche has been the FIFA World
Cup in 2026. They’re trying to build ticketing solutions and fan engagement on top of Avalanche right now so that you have this
situation where you go to sell a ticket and some bot buys it up and it’s a broker and they post out 200 or 300% above the price
they paid. The consumer is paying this excess price. And so blockchain technology where you can obscure private customer information,
but you can still verify that that person is like a verified purchaser and user of the ticket. That’s one technology that Avalanche
is implementing with FIFA. And then fan engagement, tokenizing your rewards. Right now there’s a partnership they have with the
LSU football team. And so if you go and you’re using your card and you can get points that accrue from a tiger token, they call
it a GO token, you can spend that on memorabilia or a team t-shirt or something like that. So if you could go into a metaverse where you
combine the ability to purchase ticketing in a safe place where you know you’re buying, you know, the actual ticket from someone
that’s verified. And then you’re also accruing all of these other tokens that you can use kind of in a metaverse to purchase
memorabilia or other kind of fan things. And you have this like world where I could go from one team to another in a different sport in
a different league. That to me would be like a pretty cool start. So there’s probably people out there who could come up with something
a little bit more imaginative than that