Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 292

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 292
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regulators view blank check companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of
securities of blank check companies in their states. Further, if we were no longer listed on Nasdaq, our securities would not qualify
as covered securities under the statute and we would be subject to regulation in each state in which we offer our securities.

The
grant of registration rights to our initial shareholders and holders of our private units may make it more difficult to complete our
initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A Ordinary
Shares.

Pursuant
to a registration rights agreement with our sponsor, at or after the time of our initial business combination, our initial shareholders
and their permitted transferees can demand that we register the resale of their founder shares. In addition, the holders of the private
units (and underlying securities may demand that we register the resale of such units and the underlying securities. We will bear the
cost of registering these securities. The registration and availability of such a significant number of securities for trading in the
public market may have an adverse effect on the market price of our Class A Ordinary Shares. In addition, the existence of the registration
rights may make our initial business combination more costly or difficult to conclude. This is because the shareholders of the target
business may increase the equity stake they seek in the combined entity or ask for more cash consideration to offset the negative impact
on the market price of our Class A Ordinary Shares that is expected when the ordinary shares owned by our initial shareholders or
their permitted transferees, our private units (and underlying securities) are registered for resale.

We
may issue additional Class A Ordinary Shares or preference shares to complete our initial business combination or under an employee
incentive plan after completion of our initial business combination. We may also issue Class A Ordinary Shares upon the conversion
of the founder shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions
contained in our amended and restated memorandum and articles of association. Any such issuances would dilute the interest of our shareholders
and likely present other risks.

Our
amended and restated memorandum and articles of association authorize the issuance of up to 445,000,000 Class A ordinary shares,
par value $0.0001 per share, 50,000,000