Company: MLAC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042737
Chunk: 75

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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, 2024 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 445,000,000 shares authorized; 805,000 issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of March 31, 2025 and December 31, 2024 
     81  
     81 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,187,500 shares issued and outstanding as of March 31, 2025 and December 31, 2024 
     719  
     719 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (6,801,580) 
     (6,480,797)
  
    Total Shareholders’ Deficit 
     (6,800,780) 
     (6,479,997)
  
    TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $235,375,465  
    $233,231,190 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1 

MOUNTAIN LAKE ACQUISITION CORP

CONDENSED STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Operating and formation costs 
    $320,783 
  
    Loss from operations 
     (320,783)

    Other income: 

    Interest earned on marketable securities held in Trust Account 
     2,339,304 

    Net income 
    $2,018,521 

    Weighted average shares outstanding, Class A ordinary shares 
     23,805,000 

    Basic and diluted net income per share, Class A ordinary shares 
    $0.07 

    Weighted average shares outstanding, Class B ordinary shares 
     7,187,500 

    Basic and diluted net loss per share, Class B  ordinary shares 
    $0.07 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

2 

MOUNTAIN LAKE ACQUISITION CORP

CONDENSED STATEMENT