Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 150

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 150
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for infringing on our shareholders’ rights. See the section titled “Description of Securities-Certain Differences
in Corporate Law-Shareholder Suits” for further information on the ability to bring such claims. However, we
might not ultimately be successful in any claim we may make against them for such reason.

We
may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated
with our sponsor, executive officers, directors or existing holders which may raise potential conflicts of interest.

In
light of the involvement of our sponsor, executive officers and directors with other entities, we may decide to acquire one or more businesses
affiliated with our sponsor, executive officers, directors or existing holders. Our directors also serve as officers and board members
for other entities, including, without limitation, those described under “Management — Conflicts of Interest.”
Such entities may compete with us for business combination opportunities. Our sponsor, officers and directors are not currently aware
of any specific opportunities for us to complete our initial business combination with any entities with which they are affiliated, and
there have been no substantive discussions concerning a business combination with any such entity or entities. Although we will not be
specifically focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined
that such affiliated entity met our criteria for a business combination as set forth in “Proposed Business — Business
Combination Criteria” and such transaction was approved by a majority of our independent and disinterested directors. Despite
our agreement to obtain an opinion from an independent investment banking firm which is a member of FINRA or a valuation or appraisal
firm regarding the fairness to our company from a financial point of view of a business combination with one or more domestic or international
businesses affiliated with our sponsor, executive officers, directors or existing holders, potential conflicts of interest still may
exist and, as a result, the terms of the business combination may not be as advantageous to our public shareholders as they would be
absent any conflicts of interest.

45

We
may engage one or more of our underwriters or one of their respective affiliates to provide additional services to us, which may include
acting as financial advisor in connection with an initial business combination or as placement agent in connection with a related financing
transaction. Our underwriters are entitled to receive deferred commissions that will released from the trust only on a completion of
an initial business combination. These