Mountain Lake Acquisition Corp. II announces non-binding LOI to merge with Terra Quantum AG at $3.25B valuation

Mountain Lake Acquisition Corp. II

Terra Quantum AG valued at $3.25 billion in proposed SPAC merger with MLAC II (Nasdaq: MLAA).
Non-binding LOI; transaction subject to definitive agreement, due diligence, shareholder and regulatory approvals.
Terra Quantum provides quantum algorithms, software, security, and hybrid solutions for defence, finance, pharma, logistics.
MLAC II CEO Paul Grinberg cites Terra Quantum as 'category-defining technology' at forefront of quantum revolution.
Transaction expected to provide Terra Quantum with access to capital markets for growth and global expansion.

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