Company: MLAC
Filing Date: 2025-10-03
Form Type: 425
Source: 0001213900-25-095861
Chunk: 0

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-10-03
Form: 425
Chunk 0
---
Filed by Mountain Lake Acquisition Corp.

pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Mountain Lake Acquisition Corp.

Commission File No. 001-42436

Avalanche Treasury Corporation

Date: October 2, 2025

As previously disclosed, on October 1, 2025, Mountain
Lake Acquisition Corp., a Cayman Islands exempt company (“Mountain Lake” or “SPAC”), and Avalanche Treasury Corporation,
a Delaware corporation (“Pubco”), issued a press release announcing that they had entered into a Business Combination Agreement
(the “Business Combination Agreement”), dated as of October 1, 2025, with Avalanche SPAC Merger Sub LLC, a Delaware limited
liability company (“SPAC Merger Sub”), Avalanche Company Merger Sub LLC, a Delaware limited liability company (the “Company
Merger Sub”), Avalanche Treasury Company LLC, a Delaware limited liability company (“Newco”), and Dragonfly Digital
Management, LLC, a Delaware limited liability company (the “Seller”).

On October 1, 2025, Bart Smith, CEO of Pubco made
the communication on below Fortune article.

Exclusive: Susquehanna crypto CEO departs to lead $671 million Avalanche treasury company

By Ben Weiss

Crypto Reporter

October 1, 2025 at 4:01 PM EDT

Signage for Avalanche during the WebX2024 in Tokyo.

Avalanche is one of the most valuable tokens in crypto.

Another heavy hitter from Wall Street is diving into the crypto treasury
craze. On Wednesday, a group of investors announced that it plans to establish a $671 million company dedicated to stockpiling the cryptocurrency
Avalanche. Bart Smith, the former head of the crypto arm of the quantitative trading firm Susquehanna, will be CEO.

Dubbed Avalanche Treasury Co., the company plans to go public on the Nasdaq
in the first quarter of 2026 via a special purpose acquisition vehicle, Mountain Lake Acquisition Corp. Investors who contributed to the
fundraise include the crypto venture capital firms Dragonfly, ParaFi, and Pantera Capital. VanEck, an asset manager that’s made
significant investments into crypto, also invested.

Avalanche Treasury Co.’s $671 million valuation comes from about
$440 million in capital it raised from investors added to the approximately $230 million with which