Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 144

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 144
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 attention from revenue-generating activities
to compliance activities.

Moreover,
because these laws, regulations and standards are subject to varying interpretations, their application in practice may evolve over time
as new guidance becomes available. This evolution may result in continuing uncertainty regarding compliance matters and additional costs
necessitated by ongoing revisions to our disclosure and governance practices. If we fail to address and comply with these regulations
and any subsequent changes, we may be subject to penalty and our business may be harmed.

Risks
Relating to our Management Team

We
may not have sufficient funds to satisfy indemnification claims of our directors and executive officers.

We
have agreed to indemnify our officers and directors to the fullest extent permitted by law. However, our officers and directors have
agreed to waive any right, title, interest or claim of any kind in or to any monies in the trust account and to not seek recourse against
the trust account for any reason whatsoever. Accordingly, any indemnification provided will be able to be satisfied by us only if (i) we
have sufficient funds outside of the trust account or (ii) we consummate an initial business combination. Our obligation to indemnify
our officers and directors may discourage shareholders from bringing a lawsuit against our officers or directors for breach of their
fiduciary duty. These provisions also may have the effect of reducing the likelihood of derivative litigation against our officers and
directors, even though such an action, if successful, might otherwise benefit us and our shareholders. Furthermore, a shareholder’s
investment may be adversely affected to the extent we pay the costs of settlement and damage awards against our officers and directors
pursuant to these indemnification provisions.

42

Members
of our management team and board of directors have significant experience as board members, officers or executives of other companies.
As a result, certain of those persons have been, are, and may become, involved in proceedings, investigations and litigation relating
to the business affairs of the companies with which they were, are, or may in the future be, affiliated. This may have an adverse effect
on us, which may impede our ability to consummate an initial business combination.

During
the course of their careers, members of our management team and board of directors have had significant experience as board members,
officers or executives of other companies. As a result of their involvement and positions in these companies, certain persons were, are
now, or may in the future become, involved in litigation, investigations or other