Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 67

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 67
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 and/or (x) limited exposure to technological
obsolescence and cyclicality. Our management team expects to target businesses that have clearly demonstrated an ability to defend and
grow their market positions over time as a result of one or more of these sustainable competitive advantages, or have demonstrable potential
to do so. We intend to seek opportunities that will benefit from secular growth and are able to differentiate their market position to
create value for our shareholders over time.

●Stable Free Cash Flow, Prudent Debt and Financial Visibility.  We
will seek to acquire a business that has historically generated or has the potential to generate not only current revenues, but strong
and sustainable free cash flow. Additionally, our prospective business combination criteria include prudent balance sheet management
and, as such, we would seek to limit leverage ratios of a combined company immediately following an initial business combination. To
provide reliable guidance, we would also seek to acquire a business that has reasonable visibility on forward financial performance and
straightforward operating metrics, and a business that is not extremely sensitive to macro-economic conditions or industry cycles. Specifically,
we would prioritize businesses that may be evaluated and priced by the market using financial metrics or other key milestones not more
than one year forward.

●Benefit Uniquely from a Business Combination with a
Special Purpose Acquisition Company.  We will seek to acquire a business that has a clear use of proceeds
and a clear catalyst or inflection point resulting from our capital, team, public listing, roll-up synergies, deleveraging and/or re-rating
milestones expected to propel the business through our structural dilution in the near term with enhanced financial results, margins,
market position and shareholder value.

●Would Benefit Uniquely from our Capabilities.  We
will seek to acquire a business where the collective capabilities of our management team, board of directors and sponsor, and any operating
partners we involve, can be leveraged to tangibly improve the operations and market position of the target.

●Proprietary and/or Optimally Positioned Transactions.  We
intend to leverage our extensive business network to source our initial business combination on a proprietary basis if possible. Notwithstanding
the foregoing, we would utilize our collective experience and insight to strategically consider participating in formal processes focused
primarily on narrowing a pool of SPACs to a single winning bidder to instances where we believe we are optimally positioned to win such
processes.

●Committed and Capable Management Team.  We
will seek to acquire a