Company: MLAC
Filing Date: 2025-12-30
Form Type: 425
Source: 0001213900-25-126602
Chunk: 10

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-12-30
Form: 425
Chunk 10
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 diversified, better exposure and, you know, hopefully provide kind of risk
adjusted, you know, good rates of returns for investors. Like that’s, that’s the plan.

Tony Edward: Oh, for sure. And then as far as your AUM, I read
that they’re looking to buy a billion dollars of AVAX tokens. Is that right?

Bart Smith: I mean, yeah. Ultimately, you know, we have we closed
a private placement and then we have this, you know, pending business combination with Mountain Lake Acquisition Corp. You know, at that
point, depending what the market does, that’s going to be somewhere in the mid hundreds of millions, if not higher. But yes, the
idea is to, as the, as Avalanche continues to grow, is to continue to try to seek out capital, again, in ways that people want to invest
in the market to help inject more capital into the space. The thing that’s interesting to me is that, and, you know, if over time,
you know, sometimes you’ll hear me say this over and over, like every other industry was allowed to grow this way. You know, software,
SaaS, you know, telecom, the, you know, internet, you know, you created a public company and you raised money through debt or through
converts or through equity, and you took that money and you invested in the enterprise. If the enterprise did well, bondholders and equity
holders did well. And this industry was specifically not allowed to do that. And so this digital asset treasury structure allows for that
to happen, right? You can go, you have a public company and you can raise money in, you know, in the public markets in a variety of ways.
And that could be issuing equities, but that, you know, there’s other things that you can do that might be attractive to both a
different type of investor and might be more attractive in trying to generate more AVAXs per share for our shareholders. And so that to
me is what I find most exciting about this structure. And then obviously, because it’s not a mutual fund or an ETF, like you don’t
have to prepare yourself for the possibility of deploying money on any given day that you weren’t prepared for or having to redeem
money. So if you’re open to a mutual fund redemption or an ETF redemption and having any given day, that’s very limiting in
what you can do to