Company: MLAC
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001213900-25-025105
Chunk: 633

Company: Mountain Lake Acquisition Corp.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 4
Chunk 633
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 Regulation D.

On December 16, 2024, we consummated our initial
public offering of 23,000,000 Units. Each Unit consists of one Class A ordinary share, $0.0001 par value and one right to receive one-tenth
(1/10) of one Class A ordinary share upon the consummation of an initial business combination. The Units were sold at an offering price
of $10.00 per Unit, generating gross proceeds of $230,000,000. The securities sold in the offering were registered under the Securities
Act on registration statements on Form S-1 (File No. 333-281410 and (File No. 333-283774)).
The registration statements became effective on December 12, 2024.

The
underwriters were granted a 45-day option to purchase up to additional 3,150,000 Units (as defined below) to cover over-allotments,
if any. On December 13, 2024, the underwriters exercised the over-allotment option partially to purchase additional 2,000,000 Units.
On December 16, 2024, the Company consummated its initial public offering of 23,000,000 units (the “Units”). Each Unit
consists of one Class A ordinary share, $0.0001 par and one right to receive one-tenth (1/10) of one Class A ordinary share upon the
consummation of an initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating
gross proceeds of $230,000,000.

57

Simultaneously
with the closing of the initial public offering, the Company consummated the private placement of 805,000 units (the “Private Units”)
with the Sponsor and BTIG, LLC at a price of $10.00 per Private Unit, generating total proceeds of $8,050,000.

The
Private Units are identical to the Units sold in the initial public offering except with respect to certain registration rights and transfer
restrictions. Additionally, the holders of the Private Units have agreed to certain restrictions on the Private Units, as described in
the registration statements. Additionally, such holders agreed not to transfer, assign or sell any of the Private Units or underlying
securities (except in limited circumstances, as described in the Registration Statements) until 30 days after the completion of the Company’s
initial business combination. The holders