Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 68

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 68
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 business with a management team whose interests are aligned with those of our shareholders and who can clearly
and confidently articulate the business plan and market opportunities to public market investors. Where necessary, we may also look to
complement and enhance the capabilities of the target business’s management team and their board of directors by recruiting additional
talent through our network of contacts or otherwise. This may include recruiting experienced industry professionals, or operating partners,
to assist in our evaluation of the opportunity and marketing of the business combination prior to its completion, who may assume an ongoing
role with the business or board thereafter. While not a requirement, we would favorably view opportunities where the target’s chief
financial officer has experience as a public company chief financial officer or other substantive public market experience, and ideally
where other members of senior management have public market experience as well.

●Potential to Grow, Including Through Further Acquisition
Opportunities.  We will seek to acquire a business that has the potential to grow both organically and
inorganically through acquisitions, with management having identified a pipeline of potentially actionable accretive acquisition targets.
We expect to work with the ongoing management team to develop the business strategy around geographic expansion, new products, high-return
capital expenditure projects and acquisitions, as well as creating and maintaining the optimal capital structure for growth.

●Preparedness for the Process and Public Markets.  We
will seek to acquire a business that has, or can put in place prior to the closing of a business combination, the material governance,
financial systems and controls required in the public markets. Specifically, we will seek to avoid situations where extensive accounting
or restructuring work is required with an uncertain timetable or outcome before a transaction can be completed.

These criteria are not intended
to be exhaustive or exclusive. Any evaluation relating to the merits of a particular initial business combination may be based, to the
extent relevant, on these general guidelines as well as other considerations, factors and criteria that our management may deem relevant.
In the event that we decide to enter into our initial business combination with a target business that does not meet the above criteria
and guidelines, we intend to disclose that the target business does not meet the above criteria in our shareholder communications related
to our initial business combination, which would be in the form of proxy solicitation materials or tender offer documents that we would
file with the SEC.

5

Initial Business Combination

We are not presently engaged
in, and we will not engage in, any operations for an indefinite period of time following our initial