Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 132

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1
Chunk 132
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 risk CFIUS intervention, before or after closing the transaction.
CFIUS may decide to block or delay our proposed initial business combination, impose conditions with respect to such initial business
combination or request the President of the United States to order us to divest all or a portion of the U.S. target business
of our initial business combination that we acquired without first obtaining CFIUS approval, which may limit the attractiveness of, delay
or prevent us from pursuing certain target companies that we believe would otherwise be beneficial to us and our shareholders. As a result,
the pool of potential targets with which we could complete an initial business combination may be limited and we may be adversely affected
in terms of competing with other special purpose acquisition companies which do not have any foreign ownership issues. In addition, certain
federally licensed businesses may be subject to rules or regulations that limit foreign ownership. The process of government review,
whether by CFIUS or otherwise, could be lengthy. Because we have only a limited time to complete our initial business combination, our
failure to obtain any required approvals within the requisite time period may require us to liquidate. If we are unable to consummate
our initial business combination within the applicable time period required under our amended and restated memorandum and articles of
association, including as a result of extended regulatory review of a potential initial business combination, we will, as promptly as
reasonably possible but not more than ten business days thereafter, redeem the public shares for a pro rata portion of the
funds held in the trust account, subject to our obligations under Cayman Islands law to provide for claims of creditors and the requirements
of other applicable law. In such event, our shareholders will miss the opportunity to benefit from an investment in a target company
and the appreciation in value of such investment. Additionally, our rights may be worthless.

35

Because
we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous
initial business combination with some prospective target businesses.

The
federal proxy rules require that the proxy statement with respect to the vote on an initial business combination include historical and pro forma financial
statement disclosure. We will include the same financial statement disclosure in connection with our tender offer documents, whether
or not they are required under the tender offer rules. These financial statements may be required to be prepared in accordance with,
or be reconciled to, accounting principles generally accepted in the United States of America (“GA