Mountain Lake Acquisition Corp. closes upsized $230M IPO, 23M units at $10

Mountain Lake Acquisition Corp.

Priced 21M units, then closed 23M units after partial over-allotment exercise of 2M units.
Gross proceeds of $230M from IPO, plus $8.05M from private placement of 805,000 Private Units.
Total $231.15M deposited in trust account for benefit of public shareholders.
Units consist of one Class A share and one right (ten rights for one share post-business combination).
Underwriters granted 45-day option for additional 3.15M units; 2M exercised at closing.

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