Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 286

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 286
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 ability to complete our initial business.

44

In
addition, our sponsor and our officers and directors may sponsor or form other special purpose acquisition companies with acquisition
objectives that are similar to ours or may pursue other business or investment ventures during the period in which we are seeking an
initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether
to present business combination to us or to any other special purpose acquisition company with which they may become involved. Any such
companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target.
Our officers and directors may become officers or directors of other special purpose acquisition companies. Notwithstanding that, such
officers and directors will continue to have a pre-existing fiduciary obligation to us and we will, therefore, have priority over
any special purpose acquisition companies they subsequently join. In addition, because we may consummate a business combination with
a target in a broad array of industries, we do not believe that any such potential conflicts would materially affect our ability to complete
our initial business combination.

For
a complete discussion of our executive officers’ and directors’ business affiliations and the potential conflicts of interest
that you should be aware of, please see “Management — Officers and Directors,” “Management — Conflicts
of Interest” and “Certain Relationships and Related Party Transactions.”

Our
executive officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict
with our interests.

We
have not adopted a policy that expressly prohibits our directors, officers, security holders or affiliates from having a direct or indirect
pecuniary or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or
have an interest. In fact, we may enter into a business combination with a target business that is affiliated with our sponsor, our directors
or officers, although we do not intend to do so. Nor do we have a policy that expressly prohibits any such persons from engaging for
their own account in business activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between
their interests and ours. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial
business combination target. Notwithstanding the foregoing, such officers and directors will continue to have a pre-existing fiduciary
obligation to us and we will, therefore, have