Company: MLAC
Filing Date: 2025-10-07
Form Type: 425
Source: 0001213900-25-096772
Chunk: 6

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 425
Chunk 6
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anche network, offering a level of integration and alignment that investors have been demanding.

Importantly, Emin Gün Sirer, the founder
and CEO of Ava Labs, the entity responsible for the development of the Avalanche blockchain, will join AVAT as an advisor. The newly
created firm is just the second AVAX-focused treasury firm.

The announcement adds that AVAT will work toward
deploying capital directly into the Avalanche ecosystem through three strategic pillars – targeted protocol investments, partnerships
with enterprises building on-chain rails, and direct support for institutional L1 launches.

AVAX Surges Following The Announcement

The smart contract network’s native token
AVAX witnessed a sharp increase following the announcement. The token reached a high of $31.32 on Binance, before it lost some of its
gains.

This year has seen a significant increase in
the launch of digital treasury firms. While digital treasury firms focused on Bitcoin (BTC) and Ethereum (ETH) have been around for a
few years, more firms are now shifting focus to other altcoins such as Solana (SOL) and AVAX.

For instance, Nasdaq-listed VisionSys AI recently
unveiled plans to launch a $2 billion SOL-based digital treasury program. At press time, AVAX trades at $30.17, down 1.3% in the past
24 hours.

AVAT, MLAC Partner to Launch $675M Avalanche Treasury

Written By: Kenrodgers Fabian

AVAT and MLAC are creating a $675M Avalanche
treasury that offers cheaper AVAX access while fueling new projects and ecosystem expansion.

Avalanche Treasury Co. (AVAT) has teamed up with
Mountain Lake Acquisition Corp. (MLAC) to launch a $675 million Avalanche-focused treasury. The deal, valued at over $675 million, includes
roughly $460 million in treasury assets. It aims to create a leading public vehicle for AVAX exposure.

<div align='center'>4</div>

According to the announcement, the combined company
expects a Nasdaq listing in Q1 2026, pending regulatory and shareholder approval. AVAT will begin with a discounted AVAX purchase and
enjoy an 18-month priority on Avalanche Foundation sales to U.S. treasury firms. Monarq will manage AVAT’s investments and treasury,
while FalconX will assist with trading and credit assistance.

Besides, AVAT offers investors a 0.77x multiple
of net asset value (mNAV), a