Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 307

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 307
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 the selection of the
courts of the Cayman Islands as exclusive forum.

This
choice of forum provision may increase a shareholder’s cost and limit the shareholder’s ability to bring a claim in a judicial
forum that it finds favorable for disputes with us or our directors, officers or other employees, which may discourage lawsuits against
us and our directors, officers and other employees. Any person or entity purchasing or otherwise acquiring any of our shares or other
securities, whether by transfer, sale, operation of law or otherwise, shall be deemed to have notice of and have irrevocably agreed and
consented to these provisions. There is uncertainty as to whether a court would enforce such provisions, and the enforceability of similar
choice of forum provisions in other companies’ charter documents has been challenged in legal proceedings. It is possible that
a court could find this type of provisions to be inapplicable or unenforceable, and if a court were to find this provision in our amended
and restated memorandum and articles of association to be inapplicable or unenforceable in an action, we may incur additional costs associated
with resolving the dispute in other jurisdictions, which could have an adverse effect on our business and financial performance.

55

Item
1B. Unresolved Staff Comments.

None.

Item
1C. Cybersecurity

We
are a special purpose acquisition company with no business operations. Since our initial public offering, our sole business activity
has been identifying and evaluating suitable acquisition transaction candidates. Therefore, we do not consider that we face significant
cybersecurity risk and have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity
risk.

We
depend on digital technologies, including information systems, infrastructure and cloud applications and services, including those of
third parties with which we may deal. Sophisticated and deliberate attacks on, or security breaches in, our information systems or infrastructure,
or the information systems or infrastructure of third parties or the cloud, could lead to corruption or misappropriation of our assets,
proprietary information and sensitive or confidential data. Because of our reliance on the technologies of third parties, we also depend
upon the personnel and the processes of third parties to protect against cybersecurity threats. In the event of a cybersecurity
incident impacting us, the management team will report to the board of directors and provide updates on the management team’s
incident response plan for addressing and mitigating any risks associated with the cybersecurity incident. As an early-stage company