Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 236

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 236
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 combination, may be materially adversely affected by events that are outside of our control,
such as increased geopolitical unrest, pandemic outbreaks (such as COVID-19), and volatility in the debt and equity markets.

●If we seek shareholder approval of our initial business combination, our sponsor, directors, officers,
                                                                                                  and their affiliates may elect to purchase shares or rights from public shareholders, which may influence a vote on a proposed
                                                                                                  business combination and reduce the public “float” of our securities.

●If a shareholder fails to receive notice of our offer to
redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for submitting or
tendering its shares, such shares may not be redeemed.

●If we are deemed to be an investment company under the Investment
Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make
it difficult for us to complete our initial business combination or force us to abandon our efforts to complete an initial business combination.

●Our officers and directors will allocate their time to other
businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of
interest could have a negative impact on our ability to complete our initial business combination.

18

●You will not have any rights or interests in funds from the
trust account, except under certain limited circumstances. Therefore, 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.

●The nominal purchase price paid by our sponsor for the founder
shares may result in significant dilution to the implied value of your public shares upon consummation of our initial business combination,
and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination
even if the business combination causes the trading price of our ordinary shares to materially decline.

●The value of the founder shares following completion of our
initial business combination is likely to be substantially higher than the nominal price paid for them, even if the trading price of
our ordinary shares at such time is substantially less than $10.00 per share.

●You will not be entitled to protections normally afforded
to investors of many other blank check companies.

●Because of our limited resources and the