Company: MLAC
Filing Date: 2025-10-03
Form Type: 425
Source: 0001213900-25-095861
Chunk: 6

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-03
Form: 425
Chunk 6
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 increased competition in the industries in which Pubco will operate; risks relating to significant legal,
commercial, regulatory and technical uncertainty regarding AVAX; risks relating to the treatment of crypto assets for U.S. and foreign
tax purposes; risks that after consummation of the Business Combination, Pubco experiences difficulties managing its growth and expanding
operations; challenges in implementing Pubco’s business plan, including AVAX-related advisory services and other AVAX-related services,
due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock
exchange on which Pubco Class A Stock will be listed or by the SEC, which may impact the ability to list Pubco Class A Stock and restrict
reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings
that may be instituted against Newco, Mountain Lake, Pubco or others following announcement of the Business Combination; and those risk
factors discussed in documents of Pubco, Newco, or Mountain Lake filed, or to be filed, with the SEC.

The foregoing list of risk factors is not exhaustive.
You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors”
section of the final prospectus of Mountain Lake dated as of December 12, 2024 and filed by Mountain Lake with the SEC on December 13,
2024, Mountain Lake’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q on file, and to be filed, with the SEC and
the Proxy Statement/Prospectus that will be filed by Pubco and Newco, and other documents filed by Mountain Lake and Pubco from time to
time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the forward-looking statements. There may be additional risks that none of Mountain
Lake, Pubco or Newco presently know or that none of Mountain Lake, Pubco or Newco currently believe are immaterial that could also cause
actual results to differ from those contained in the forward-looking statements.

Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and none of Mountain Lake, Pubco or Newco
assumes any obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information,
future events,