Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 278

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 278
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 the outstanding voting securities of the target or otherwise acquires
a controlling interest in the target sufficient for us not to be required to register as an investment company under the Investment Company
Act. We will not consider any transaction that does not meet such criteria. Even if the post-transaction company owns 50% or more
of the voting securities of the target, our shareholders prior to the business combination may collectively own a minority interest in
the post business combination company, depending on valuations ascribed to the target and us in the business combination. For example,
we could pursue a transaction in which we issue a substantial number of new Class A Ordinary Shares in exchange for all of the outstanding
capital stock of a target. In this case, we would acquire a 100% interest in the target.

However,
as a result of the issuance of a substantial number of new Class A Ordinary Shares, our shareholders immediately prior to such transaction
could own less than a majority of our outstanding Class A Ordinary Shares subsequent to such transaction. In addition, other minority
shareholders may subsequently combine their holdings resulting in a single person or group obtaining a larger share of the company’s
shares than we initially acquired. Accordingly, this may make it more likely that our management will not be able to maintain control
of the target business.

Risks
Relating to Acquiring and Operating a Business in Foreign Countries

If
we effect our initial business combination with a company located outside of the United States, we would be subject to a variety
of additional risks that may adversely affect us.

If
we pursue a target company with operations or opportunities outside of the United States for our initial business combination, we
may face additional burdens in connection with investigating, agreeing to and completing such initial business combination, and if we
effect such initial business combination, we would be subject to a variety of additional risks that may negatively impact our operations.

If
we pursue a target a company with operations or opportunities outside of the United States for our initial business combination,
we would be subject to risks associated with cross-border business combinations, including in connection with investigating, agreeing
to and completing our initial business combination, conducting due diligence in a foreign jurisdiction, having such transaction approved
by any local governments, regulators or agencies and changes in the purchase price based on fluctuations in foreign exchange rates.

If
we effect our initial business combination with such a company, we would be subject to any special considerations or risks associated
with companies operating in an international setting