AVAT secures $25M open loan at 7% from FalconX; Q1 net loss $139K, going concern doubt

Avalanche Treasury Corp

AVAT borrows $25M via Open Loan at 7% per annum, collateralized by ~5.6M AVAX at 200% initial ratio, from FalconX Charlie.
Proceeds intended to finance closing costs of Business Combination with Mountain Lake Acquisition Corp.
Avalanche Treasury Corp Q1 net loss $139,635; no cash, working capital deficit $285,017 as of March 31, 2026.
Substantial doubt about going concern due to recurring losses and lack of committed financing; completion of merger needed.
Staking capped at 75% of collateral; laddered epoch strategy requires 50% of staked assets to be liquid weekly.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Avalanche Treasury Corp entered into Master Lender Agreement with FalconX Charlie, Inc. valued at facilitate potential future execution of collateralized Loans (effective 2026-03-20).

Action: entry
Agreement: credit facility
Counterparty: FalconX Charlie, Inc.
Value: facilitate potential future execution of collateralized Loans
Effective: 2026-03-20

Exact text from the filing

Master Lender Agreement, Loan Term Sheet On March 20, 2026, Avalanche Treasury Company, LLC (“AVAT”) signed a Master Lender Agreement (the “Master Lender Agreement”) with FalconX Charlie, Inc. (the “Lender”) to facilitate the potential future execution of collateralized Loans in which the Lender may lend to AVAT certain Digital Currency or cash (dependent on the loaned asset specified in the relevant executed loan term sheet) and AVAT would pay a Loan Fee as well as pledge Collateral on or prior to the date of any drawdown pursuant to such future loan term sheet, as applicable.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Avalanche Treasury Corp entered into May 2026 Collateralized Open Loan with FalconX Charlie, Inc. valued at AVAT agreed to borrow $25 million pursuant to an Open Loan (effective 2026-05-29).

Action: entry
Agreement: credit facility
Counterparty: FalconX Charlie, Inc.
Value: AVAT agreed to borrow $25 million pursuant to an Open Loan
Effective: 2026-05-29

Exact text from the filing

On May 29, 2026, AVAT and the Lender executed a loan term sheet, pursuant to which AVAT agreed to borrow from the Lender, and the Lender agreed to lend to AVAT, a Loan of $25 million pursuant to an Open Loan (the “May 2026 Collateralized Open Loan”).

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38 material agreements filed in the last 30 days. Browse all material agreements →

Avalanche Treasury Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-068289

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