Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 108

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 108
---
, directors, officers, advisors and their affiliates may enter into transactions with investors and others to provide them
with incentives to acquire public shares, vote their public shares in favor of our initial business combination or not redeem their public
shares. However, they have no current commitments, plans or intentions to engage in such transactions and have not formulated any terms
or conditions for any such transactions. None of the funds in the trust account will be used to purchase public shares or rights in such
transactions.

22

The purpose of any such transactions could be to
(i) reduce the number of public rights outstanding or (ii) satisfy a closing condition in an agreement with a target that requires
us to have a minimum net worth or a certain amount of cash at the closing of our initial business combination, where it appears that such
requirement would otherwise not be met. Any such purchases of our securities may result in the completion of our business combination
that may not otherwise have been possible.

In addition, if such purchases are made, the public
“float” of our securities may be reduced and the number of beneficial holders of our securities may be reduced, which may
make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange. Any such
purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such purchasers are
subject to such reporting requirements. Additionally, in the event our sponsor, initial shareholders, directors, officers, advisors and
their affiliates were to purchase public shares or rights from public shareholders, such purchases would be structured in compliance with
the requirements of Rule 14e-5 under the Exchange Act including, in pertinent part, through adherence to the following:

●our registration statement/proxy statement filed for our
business combination transaction would disclose the possibility that our sponsor, initial shareholders, directors, officers, advisors
and their affiliates may purchase public shares or rights from public shareholders outside the redemption process, along with the purpose
of such purchases;

●if our sponsor, initial shareholders, directors, officers,
advisors and their affiliates were to purchase public shares or rights from public shareholders, they would do so at a price no higher
than the price offered through our redemption process;

●our registration statement/proxy statement filed for our
business combination transaction would include a representation that any of our securities purchased by our sponsor, initial shareholders,
directors, officers, advisors and their affiliates would not be voted in favor