Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 308

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 308
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without significant investments in data security protection, there can be no assurance that we will have sufficient resources to adequately
protect against, or to investigate and remediate any vulnerability to, cyber incidents. It is possible that any of these occurrences,
or a combination of them, could have adverse consequences on our business and lead to financial loss.

As
of the date of this Report, we have not identified any risks from cybersecurity threats, including as a result of any previous
cybersecurity incidents, that we believe have, or are likely to, materially affect us since our initial public offering.

Item 2. Properties.

We
currently utilize office space at 3282 Northside Parkway, Suite 275, Atlanta, GA 30327 from an affiliate of our sponsor. We consider
our current office space adequate for our current operations. We pay an affiliate of our sponsor $20,000 per month for office space,
secretarial and administrative services provided to members of our management team. Upon completion of our initial business combination
or our liquidation, we will cease paying these monthly fees.

Item 3. Legal Proceedings.

There
is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team
in their capacity as such.

Item 4. Mine Safety Disclosures.

None.

56

PART II

Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.

Market Information.

Our units, Class A Ordinary Shares and rights are traded on The New
York Stock Exchange under the symbols “MLACU,” “MLAC” and “MLACR,” respectively. Our units commenced
public trading on December 16, 2024, and our Class A Ordinary Shares and rights commenced public trading on February 3, 2025.

Holders

As of March 1, 2025, there was one holder of record
of our Units, one holder of record of our Class A Ordinary Shares, three holders of record of our Class B common shares and one holders
of record of our rights.

Dividends

We have not paid any cash dividends on our common
shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash
dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
subsequent to completion of our initial business combination. The payment of any cash dividends subsequent