Company: MLAC
Filing Date: 2025-12-30
Form Type: 425
Source: 0001213900-25-126602
Chunk: 9

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-12-30
Form: 425
Chunk 9
---
 capital
into the ecosystem, which should you would hope, help the ecosystem grow. So that’s kind of like the dual nature, right? So you
allow regulated exposure for people in the way that they want to invest. And then you take that capital and you invest it into the ecosystem,
which you would hope benefits the growth and is mutually beneficial for the whole, you know, for both parties. So that’s the concept
as I think about it.

<div align='center'>5</div>

Tony Edward: And then for the staking rewards and the DeFi yield
and so forth, will that be potentially paid out in dividends or reinvested?

Bart Smith: Again, we haven’t gotten that far on the strategy.
I would think, I think that dividends and paying out dividends is something that companies do when they’re kind of in a later stage
of growth. So typically when you have kind of growth companies, particularly like high growth companies, the best use of that capital
is to continue to reinvest it because your kind of expected rate of returns are going to be higher. So my guess is that the best use of,
you know, whatever capital we have would be to continue to try to find the best returns. But like, sure, if it, you know, if there are
certain situations where, you know, it would make sense to pay out a dividend or a special dividend. But yeah, I think, you know, right
now, like I said before, we’re going to kind of take the cues from the SEC and make sure that we, you know, we’re disclosing
risks and we’re setting this up in a way that is compliant. And then, yeah, as a lot of just crypto in general is like not being
overly prescriptive and just kind of taking what the market gives you. And so, you know, we’re going to, you know, Lane Lippmann
is my COO, who was the president of Hidden Road and spent many years, you know, working at Virtu and Goldman and a bunch of banks. Like
we’ve seen a lot of iterations of this. And so what we’re going to do is we have a strategy. We’re going to communicate,
you know, owning and staking AVAX is going to be a very large portion of it. And then to the extent that we can have other additive sleeves
of our strategy that are smaller, but we believe would offer a