Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 274

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 1A
Chunk 274
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are redeemed in connection with our initial business combination, and without taking into account any other potential impacts on our valuation
at such time, such as the trading price of our public shares, the business combination transaction costs, any equity issued or cash paid
to the target’s sellers or other third parties, or the target’s business itself, including its assets, liabilities, management
and prospects, as well as the value of our public and private rights. At such valuation, each of our ordinary shares would have an implied
value of $7.20 per share upon consummation of our initial business combination, which is a 25.8% decrease as compared to the initial implied
value per public share (after taking into consideration the payment of the deferred underwriting commission) of $9.70.

    Public shares 
     23,000,000 
  
    Founder shares 
     7,187,500 
  
    Private Shares 
     805,000 
  
    Total shares 
     30,992,500 
  
    Total funds in trust available for initial business combination 
    $223,100,000 
  
    Public shareholders’ investment per Class A ordinary share(1) 
    $10.00 
  
    Sponsor’s investment per Class B ordinary share(2) 
    $0.003 
  
    Initial implied value per public share 
    $10.05 
  
    Implied value per share upon consummation of initial business combination(3) 
    $7.20 

(1)While
the public shareholders’ investment is in both the public shares and the public rights, for purposes of this table the full investment
amount is ascribed to the public shares only.

(2)The total investment in the equity of the company by the sponsor and
BTIG. is $8,075,000, consisting of (i) $25,000 paid by the sponsor for the founder shares, (ii) $4,950,000 paid by the sponsor
for 495,000 private units and (iii) $3,100,000 paid by BTIG for 310,000 private units. For purposes of this table, the full investment
amount is ascribed to the founder shares only.

(3)All
founder shares would automatically convert into Class A Ordinary Shares upon completion of our initial business combination or earlier
at the option of the holder.

The
value of the founder shares following completion of our