secwatch.observer — SEC 8-K summary
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Issuer:     Avalanche Treasury Corp (AVAT)
CIK:        0002092446
Form:       8-K
Filed at:   2026-06-17T20:15:15+00:00
Accession:  0001104659-26-075150
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 5.02, 3.02, 9.01, 4.01, 3.03, 5.01, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Avalanche Treasury completes SPAC merger with Mountain Lake Acquisition; begins trading as AVAT on Nasdaq
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- 22,846,470 MLAC shares redeemed at ~$10.62 each, leaving ~$1.63M in trust after redemptions.
- Post-closing: 37,914,826 Pubco Class A shares and 5,805,639 Class B shares outstanding.
- Company unit investors purchased ~$216M in units; Dragonfly contributed ~$58M in AVAX; Foundation sold $200M AVAX for 3M shares.
- Astral receives 4M shares (2M escrowed earnout shares vesting at $13, $15, $17 milestones).
- Lock-up on ~10.6M Class A and 5.8M Class B shares for 180 days; early release if VWAP ≥ $12.50 for 20 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2092446/000110465926075150/0001104659-26-075150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2092446/000110465926075150/tm2615904d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-075150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer