Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 290

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 290
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i) our completion
of an initial business combination, and then only in connection with those Class A Ordinary Shares that such shareholder properly
elected to redeem, subject to the limitations described herein, (ii) the redemption of any public shares properly submitted in connection
with a shareholder vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or
timing of our obligation to redeem 100% of our public shares if we do not complete our initial business combination within the completion
window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business
combination activity, and the redemption of our public shares if we are unable to complete an initial business combination within the
completion window, subject to applicable law and as further described herein. In addition, if our plan to redeem our public shares if
we are unable to complete an initial business combination within the completion window for any reason, compliance with Cayman Islands
law may require that we submit a plan of dissolution to our then-existing shareholders for approval prior to the distribution of
the proceeds held in our trust account. In that case, public shareholders may be forced to wait beyond the completion window before they
receive funds from our trust account. In no other circumstances will a public shareholder have any right or interest of any kind in the
trust account. Holders of rights will not have any right to the proceeds held in the trust account with respect to the rights. Accordingly,
to liquidate your investment, you may be forced to sell your public shares or rights, potentially at a loss.

Nasdaq
may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities
and subject us to additional trading restrictions.

Our
units, Class A Ordinary Shares and rights are listed on Nasdaq. We cannot guarantee that our securities will be approved for listing
on Nasdaq. Although we expect to meet, on a pro forma basis, the minimum initial listing standards set forth in Nasdaq listing standards,
we cannot assure you that our securities will continue to be, listed on Nasdaq in the future or prior to our initial business combination.
In order to continue listing our securities on Nasdaq prior to our initial business combination, we must maintain certain financial,
distribution and share price levels. Generally, we must maintain a minimum market value of listed securities (generally $50,000,000)
and a minimum number of holders of our securities