Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 131

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 131
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 charge filing fees related to such filings, and to self-initiate national
security reviews of foreign direct and indirect investments in U.S. companies if the parties to that investment choose not to file
voluntarily. In the case that CFIUS determines an investment to be a threat to national security, CFIUS has the power to unwind or place
restrictions on the investment. Whether CFIUS has jurisdiction to review an acquisition or investment transaction depends on — among
other factors — the nature and structure of the transaction, including the level of beneficial ownership interest and
the nature of any information or governance rights involved. For example, investments that result in “control” of a U.S. business
by a foreign person always are subject to CFIUS jurisdiction. CFIUS’s expanded jurisdiction under the Foreign Investment Risk Review
Modernization Act of 2018 and implementing regulations that became effective on February 13, 2020 further includes investments
that do not result in control of a U.S. business by a foreign person but afford certain foreign investors certain information or
governance rights in a U.S. business that has a nexus to “critical technologies,” “critical infrastructure”
and/or “sensitive personal data.”

Our
sponsor owns approximately 23.2% of our issued and outstanding ordinary shares following the initial public offering. Our sponsor is
exclusively “controlled” for CFIUS purposes by Paul Grinberg and Douglas Horlick, who is a U.S. citizen, and thus we
do not believe that our sponsor is a “foreign person” as defined in the CFIUS regulations. However, it is possible that non-U.S. persons
could be involved in our initial business combination (e.g., as existing shareholders of a target company or as PIPE investors), which
may increase the risk that our initial business combination becomes subject to regulatory review, including review by CFIUS. As
such, an initial business combination with a U.S. business or foreign business with U.S. subsidiaries that we may wish to pursue
may be subject to CFIUS review. If a particular proposed initial business combination with a U.S. business falls within CFIUS’s
jurisdiction, we may determine that we are required to make a mandatory filing or that we will submit to CFIUS review on a voluntary
basis, or to proceed with the transaction without submitting to CFIUS and