Mountain Lake Acquisition (MLAC) enters business combination with Avalanche Treasury in ~$274M deal

Mountain Lake Acquisition Corp.

SPAC MLAC to combine with Avalanche Treasury Company LLC; private placement of ~$274M at $10.00 per unit.
Upon closing, SPAC domesticates to Delaware and merges into Pubco; SPAC shareholders receive non-voting Pubco Class A stock.
Sponsor cancels 495k Private Placement Units and 4.39M Founder Shares; earnout shares tied to Pubco price triggers at $13, $15, $17.
180-day lock-up for insiders; registration rights agreement; no termination fee; SPAC shareholder approval required.
Company raises ~$274M from investors; proceeds to be used to purchase AVAX tokens.

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