Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 272

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 272
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 to recognize gain or income for tax purposes, effect
a business combination with a target company in another jurisdiction, or reincorporate in a different jurisdiction (including, but not
limited to, the jurisdiction in which the target company or business is located). We do not intend to make any cash distributions to
shareholders or right holders to pay taxes in connection with our business combination or thereafter. Accordingly, a shareholder or a
right holder may need to satisfy any liability resulting from our initial business combination with cash from its own funds or by selling
all or a portion of the shares or rights received. Shareholders and right holders may also be subject to additional income, withholding
or other taxes with respect to their ownership of us after our initial business combination.

In
addition, we may effect a business combination with a target company that has business operations outside of the United States,
and possibly, business operations in multiple jurisdictions. If we effect such a business combination, we could be subject to significant
income, withholding and other tax obligations in a number of jurisdictions with respect to income, operations and subsidiaries related
to those jurisdictions.

Due
to the complexity of tax obligations and filings in other jurisdictions, we may have a heightened risk related to audits or examinations
by U.S. federal, state, local and non-U.S. taxing authorities. This additional complexity and risk could have an adverse effect
on our after-tax profitability and financial condition.

Risks
Relating to the Post-Business Combination Company

Subsequent
to our completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring
and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the
price of our securities, which could cause you to lose some or all of your investment.

Even
if we conduct due diligence on a target business with which we combine, we cannot assure you that this diligence will identify all material
issues that may be present with a particular target business, that it would be possible to uncover all material issues through a customary
amount of due diligence, or that factors outside of the target business and outside of our control will not later arise. As a result
of these factors, we may be forced to later write-down or write-off assets, restructure our operations, or incur impairment
or other charges that could result in our reporting losses. Even if our due diligence successfully identifies certain risks