Mountain Lake Acquisition Corp. Units
MLACU
NASDAQ Capital Market12.65
USD
+0.21
- -
Mountain Lake Acquisition Corp. Units
MLACU
(NASDAQ Capital Market)
Recent
price
12.65
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Mountain Lake Acquisition Corp. (MLACU) serves as a blank check company, or special purpose acquisition company (SPAC), whose principal activity involves effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it offers redeemable units consisting of one Class A ordinary share and one right, which entitles the holder to receive one-tenth of one Class A ordinary share upon consummation of an initial business combination. The company operates in the financial services sector without predefined industry restrictions, targeting high-potential established companies across diverse market segments, with a flexible structure that facilitates strategic mergers and capital access for private firms seeking public markets. Incorporated in the Cayman Islands and headquartered in New York, it completed an upsized initial public offering of $230 million in December 2024, placing substantially all proceeds in trust. In October 2025, Mountain Lake Acquisition Corp. announced a definitive business combination agreement valued at over $675 million with Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company backed by an exclusive relationship with the Avalanche Foundation; the transaction contemplates domestication to a Delaware corporation, contribution of substantial AVAX tokens (including approximately 7.3 million from the Foundation and further amounts from investors), a concurrent private placement raising roughly $119 million in cash alongside $185 million in AVAX equivalents, and a planned Nasdaq listing in early 2026 for the combined entity targeting a $1 billion AVAX treasury. This live deal, led by Chairman and CEO Paul Grinberg and CFO Douglas Horlick, remains pending shareholder approval and regulatory review, with related agreements including sponsor support and token sale arrangements executed contemporaneously. The SPAC maintains an 18-month tenor from IPO, positioning it amid ongoing SEC filings for the proxy statement/prospectus.
U.S. IPO Weekly Recap: nCino Pops 195% In 8-IPO Week