Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-097100
Chunk: 19

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 19
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, political and regulatory conditions; risks relating to Pubco’s anticipated operations and business, including the highly
volatile nature of the price of AVAX; the risk that Pubco’s Class A Stock price will be highly correlated to the price of AVAX and
the price of AVAX may decrease at any time after the closing of the Proposed Transactions; risks related to increased competition in the
industries in which Pubco will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding
AVAX; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Business
Combination, Pubco experiences difficulties managing its growth and expanding operations; challenges in implementing Pubco’s business
plan, including AVAX-related advisory services and other AVAX-related services, due to operational challenges, significant competition
and regulation; being considered to be a “shell company” by any stock exchange on which Pubco Class A Stock will be listed
or by the SEC, which may impact the ability to list Pubco Class A Stock and restrict reliance on certain rules or forms in connection
with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against the Company,
SPAC, Pubco or others following announcement of the Business Combination; and those risk factors discussed in documents of Pubco, the
Company, or SPAC filed, or to be filed, with the SEC.

The foregoing list of risk factors is not exhaustive.
You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors”
section of the final prospectus of SPAC dated as of December 12, 2024 and filed by SPAC with the SEC on December 13, 2024, SPAC’s
Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q on file, and to be filed, with the SEC and the Proxy Statement/Prospectus
that will be filed by Pubco and the Company, and other documents filed by SPAC and Pubco from time to time with the SEC. These filings
do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially
from those contained in the forward-looking statements. There may be additional risks that none of SPAC, Pubco or the Company presently
know or that none of SPAC, Pubco or the Company currently believe are immaterial that could also cause actual results to differ