Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 5

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 5
---
 wanted to invest. the proceeds of that could be put into an enterprise and if that enterprise did well, shareholders
and bond holders would do well. And so this industry historically was not afforded that same benefit. And these structures now allow
the capital markets to invest in digital assets the way that every other industry was allowed to seek capital and grow.

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00:09:50.480

[Brandon Gomez]

Okay, that’s all for Crypto World today. We’re back again tomorrow
and we will see you then.

[Music]

Avalanche Gains Momentum As New Treasury Firm Eyes $1 Billion AVAX Purchase

By Ash Tiwari

Digital asset treasury firm Avalanche Treasury
Co., a part of the Avalanche (AVAX) ecosystem with a special relationship with the Avalanche Foundation, today announced a partnership
with the Mountain Lake Acquisition Corp.

Avalanche Treasury Firm To Buy $1 Billion Worth
Of AVAX

According to an official announcement made earlier
today, Avalanche Treasury Corp. is set to merge with Mountain Lake Acquisition Corp., a special purpose acquisition company (SPAC). The
deal is estimated to be worth over $675 million.

The newly created merged firm is expected to
get listed on Nasdaq in Q1 2026, under the ticker symbol “AVAT.” After it goes public, the company is expected to buy more
than $1 billion worth of AVAX tokens.

The business transaction between the two entities
includes $460 million worth of treasury assets. Notably, the deal is primarily geared toward establishing a leading public vehicle for
exposure to the AVAX token.

It is worth highlighting that AVAT will launch
with an initial AVAX token purchase at a discount to market price. Additionally, it will have an 18-month priority on Avalanche Foundation
sales to US digital asset treasury firms.

Specifically, AVAT will offer an attractive entry
point of 0.77x multiple of net asset value (mNAV) for investors, a significant discount of 23% compared to purchasing AVAX directly or
via passive exchange-traded fund (ETF) alternatives. Commenting on the development, Bart Smith, CEO of AVAT, said:

Many institutions have difficulty accessing digital
assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer something
we believe will be more valuable than passive exposure. This is a public company launching as an active, strategic partner within the
Aval