Mountain Lake Acquisition Corp. closes IPO, raises $230M gross, deposits $231.15M in trust

Mountain Lake Acquisition Corp.

IPO of 23M units at $10/unit, including partial exercise of over-allotment; gross proceeds $230M.
Private placement of 805K units to sponsor and BTIG at $10/unit, generating $8.05M.
Trust account holds $231.15M ($10.05 per public share) invested in U.S. government obligations.
As of Dec 16, 2024: cash $1.43M, working capital $1.51M, shareholders' deficit ($6.54M).
Company has 18 months from closing to complete an initial business combination.

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