Company: MLAC
Filing Date: 2025-10-07
Form Type: 8-K
Source: 0001213900-25-097093
Chunk: 4

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-07
Form: 8-K
Item: Item 1.01
Chunk 4
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 Company Unit Subscription (as defined below) minus any and all
reasonable and customary fees, commissions, or other charges (including network gas fees and exchange trading fees) incurred by the Company
or its designated agent in connection with the purchase of AVAX on an arms’ length basis through a recognized digital asset exchange
or broker, which shall be placed into a digital wallet held or operated by or on behalf of the Company.

SPAC and Pubco agreed, with
the cooperation of the Company, as promptly as practicable after the execution of the Business Combination Agreement and after completion
of the Company’s audited financial statements, to prepare and file with the U. S. Securities and Exchange Commission (the “ SEC”),
a registration statement on Form S-4 (as amended or supplemented from time to time, the “ Registration Statement”) in
connection with the registration under the Securities Act of 1933, as amended (the “ Securities Act”) of the issuance
of the Pubco Class A Stock to SPAC shareholders and certain Company securityholders, and containing a proxy statement/prospectus for the
purpose of SPAC soliciting proxies from the SPAC shareholders to approve (the “ SPAC Shareholder Approval”), at an extraordinary
general meeting of SPAC shareholders (the “ Extraordinary General Meeting”), resolutions approving the Business Combination
Agreement, the Transactions and related matters (the “ SPAC Shareholder Approval Matters”) and providing SPAC shareholders
an opportunity, in accordance with SPAC’s organizational documents and initial public offering prospectus, to have their SPAC Class
A Ordinary Shares redeemed.

The parties agreed to take
all necessary action so that effective as of the Closing, the board of directors of Pubco will consist of five individuals, each of which
are to be designated by the Seller.

Conditions to the Parties’ Obligations to Consummate the Merger

Under the Business Combination
Agreement, the obligations of the parties to consummate (or cause to be consummated) the Transactions are subject to a number of customary
conditions for special purpose acquisition companies, including, among others, the following: (i) the receipt of the SPAC Shareholder
Approval; (ii) the consummation of the Transactions not being prohibited by applicable law; (iii) effectiveness of the Registration Statement;
and (iv) the shares of Pubco Class A Stock having been approved for listing on Nasdaq, the New York Stock Exchange or another national
stock exchange.

The obligations of SPAC to