other material
confidence high
sentiment neutral
materiality 0.75
Mountain Lake Acquisition Corp. II closes $360M IPO and $9.8M private placement
Mountain Lake Acquisition Corp. II
- IPO of 36M units at $10/unit (including full over-allotment of 4.68M units); gross proceeds $360M.
- Private placement of 980k units at $10/unit to sponsor (510k units) and BTIG (470k units); gross $9.8M.
- Total of $360M ($10.00/unit) deposited in trust account for future business combination.
- Transaction costs total $20.5M: $7.2M cash underwriting fee, $12.6M deferred fee, $658k other offering costs.
- Working capital of $1.84M; company has 24 months to complete initial business combination.