M&A
confidence high
sentiment neutral
materiality 0.30
MLAC amends BCA to delay 2M Astral Post-Closing Shares by 30 days
Mountain Lake Acquisition Corp.
- Amendment No. 2 postpones issuance of 2,000,000 Pubco Class A shares to Astral Horizon by 30 days after closing.
- Previously, Astral Post-Closing Shares were to be issued on the Company Merger Effective Date.
- The additional 2,000,000 Astral Earnout Shares remain unchanged and will be placed in escrow at closing.
- Amendment effective as of October 1, 2025, and does not alter other terms of the Business Combination Agreement.
- Parties include Mountain Lake (MLAC), Avalanche Treasury (Pubco), and Dragonfly entities.