other material
confidence high
sentiment positive
materiality 0.60
Avalanche Treasury closes business combination, lists on Nasdaq as AVAT
Avalanche Treasury Corp
- Completed business combination with Mountain Lake Acquisition Corp.; trading begins June 11, 2026 under ticker AVAT.
- AVAT is a publicly listed digital asset treasury with no redemption pressure or forced liquidation, able to reinvest gains.
- Over 550 projects on Avalanche; $604M institutional funds deployed and $1.3B real-world assets tokenized.
- Institutional backers include Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, Kraken, and others.
- Led by CEO Bart Smith (ex-Susquehanna/AllianceBernstein) and COO Laine Litman (ex-Hidden Road/Virtu/Goldman Sachs).