MLAC: 15-12G · acquisition merger
Mountain Lake Acquisition Corp. has filed a Form 15 to terminate the registration of its Class A ordinary shares and suspend its duty to file reports under the Securities Exchange Act of 1934. This action is taken pursuant to Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i) following the completion of its business combination. The company consummated the merger with Avalanche Treasury Corporation and Avalanche SPAC Merger Sub LLC on June 11, 2026. As a result, Mountain Lake Acquisition Corp. became a wholly-owned subsidiary of the surviving public company, Avalanche Treasury Corporation. The filing notes that while this terminates the reporting obligations of Mountain Lake Acquisition Corp., the reporting obligations of Avalanche Treasury Corporation under the Exchange Act remain unaffected. The record date for the certification shows approximately one holder of record.
Mountain Lake Acquisition Corp. Announces Closing of Business Combination and Listing on Nasdaq
MOUNTAIN LAKE ACQUISITION CORP. ANNOUNCES POSTPONEMENT OF SHAREHOLDER MEETING TO 10:00 AM EASTERN TIME JUNE 16, 2026
Mountain Lake Acquisition Corp. postponed its special shareholder meeting from June 12 to June 16, 2026. The delay provides additional time to complete the proposed business combination with Avalanche Treasury Corporation, which shareholders already approved on June 4. The meeting will now be held at 10:00 a.m. ET on June 16 at the offices of Ellenoff Grossman & Schole LLP in New York.
MLAC: 8-K · acquisition merger
Mountain Lake Acquisition Corp. shareholders voted to approve the business combination with Avalanche Treasury Corp., including the domestication to Delaware and the issuance of shares. The merger authorization received overwhelming support with 27,081,231 votes in favor. However, the vote was accompanied by massive redemptions, as 22,846,470 Class A ordinary shares were tendered for cash. Approximately $243.2 million will be removed from the trust account, leaving only 153,830 public shares outstanding. In a separate event, the Sponsor distributed 2.78 million Class B shares to its members, including executives Paul Grinberg and Douglas Horlick, while retaining 4.36 million shares.
MLAC: DEF 14A · proxy statement
Mountain Lake Acquisition Corp. is soliciting shareholder approval to extend its deadline for completing an initial business combination from June 16, 2026, to September 16, 2026. This extension is conditional on the company failing to close its proposed merger with Avalanche Treasury Corporation by the original June 16 deadline. The proxy statement highlights that the Trust Account holds approximately $244.67 million, offering public shareholders a redemption price of roughly $10.64 per share if they choose to exit. The board recommends voting for the extension to provide additional time to finalize the deal with Avalanche, noting that without it, the company would be forced to liquidate if the merger is not completed by mid-June. Shareholders will vote on the extension at a meeting on June 12, 2026, while a separate meeting on June 4, 2026, will vote on the business combination itself. The filing also discloses significant conflicts of interest, as insiders hold founder shares valued at approximately $76.19 million that would become worthless in a liquidation scenario.
MLAC: DEFM14A · acquisition merger
Mountain Lake Acquisition Corp. (MLAC) filed a definitive proxy statement/prospectus for its extraordinary general meeting on June 4, 2026, to approve a business combination with Avalanche Treasury Company LLC. Upon closing, MLAC will domesticate to Delaware and merge into a new public entity, Avalanche Treasury Corporation (Pubco), which will trade on Nasdaq under the ticker AVAT. The transaction values the aggregate consideration at approximately $554.7 million, with Pubco Class A shares priced at $10.00. MLAC public shareholders will receive one Pubco Class A share for each MLAC Class A ordinary share held, while MLAC rights holders will receive one Pubco Class A share for every ten rights. The deal includes a $216 million private placement of Company Units and a $58 million contribution of AVAX tokens by Dragonfly Digital Management. Significant dilution is expected for existing MLAC shareholders. The Sponsor, who paid $25,000 for 7.19 million founder shares, will retain 2.8 million shares valued at ~$29.6 million post-close, while forfeiting 495,000 private placement shares. Dragonfly and related parties will hold 100% of the voting power initially via non-voting Class A and voting Class B shares, until the Class B shares are canceled. The MLAC Board unanimously recommends the transaction, noting no fairness opinion was obtained.
