Mountain Lake Acquisition Corp. Announces Closing of Business Combination and Listing on Nasdaq
Rhea-AI Summary
Mountain Lake Acquisition Corp (MLAC), a special purpose acquisition company, completed its business combination with Avalanche Treasury Corporation (AVAT).
The combined company’s Class A common stock will begin trading on Nasdaq on June 11, 2026 under the ticker AVAT, following shareholder approval on June 4, 2026 and satisfaction or waiver of all remaining closing conditions.
Positive
- Business combination between MLAC and Avalanche Treasury Corporation completed
- AVAT Class A common stock begins Nasdaq trading on June 11, 2026 under AVAT
- MLAC shareholders approved the business combination on June 4, 2026
- All remaining closing conditions for the business combination were satisfied or waived
Negative
- None.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 10 | Meeting postponement | Negative | -57.7% | Postponed shareholder meeting to extend deadline for completing business combination. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Limited history: the prior SPAC-related meeting/postponement news on 2026-06-10 saw a sharp aligned decline of -57.67% following the announcement.
Recent disclosures for MLAC focused on advancing its Avalanche Treasury Corporation combination, including multiple Form 425 communications and proxy materials, culminating in shareholder approval on June 4, 2026. The most recent news before closing was the June 10, 2026 postponement of a meeting to extend the SPAC deadline, which coincided with a -57.67% move. Today’s announcement marks completion of that Business Combination and the Nasdaq listing of AVAT.
Key Terms
special purpose acquisition company financial
business combination financial
class a common stock financial
nasdaq financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Incline Village, Nevada, June 11, 2026 (GLOBE NEWSWIRE) -- Mountain Lake Acquisition Corp (“MLAC”), a special purpose acquisition company, today announced the completion of its previously announced business combination with Avalanche Treasury Corporation (“AVAT”) (the “Business Combination”). The shares of Class A common stock of AVAT, the combined company following the Business Combination, will commence trading on the Nasdaq on June 11, 2026, under the ticker symbol “AVAT.” The Business Combination was approved by MLAC’s shareholders at an extraordinary general meeting in lieu of an annual general meeting of shareholders on June 4, 2026, and all remaining closing conditions of the Business Combination were satisfied or waived among the parties as of June 11, 2026.
Advisors
Ellenoff Grossman & Schole LLP and Forbes Hare served as legal advisors to MLAC.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP and Appleby (Cayman) Ltd. served as legal advisors to AVAT.
BTIG, LLC served as financial and capital markets advisor to MLAC.
About AVAT (Avalanche Treasury Co.)
AVAT (Avalanche Treasury Co.) is a Nasdaq-listed company that provides investors with exposure to the Avalanche ecosystem as businesses move on-chain. Investors in AVAT hold shares in a publicly listed company whose value is tied to Avalanche, the blockchain technology platform of choice for some of the world’s most recognized and trusted institutions. AVAT is designed for those who want access to the blockchain infrastructure that offers flexibility, interoperability, and speed without holding a digital asset directly. For more information, visit avat.com.
About Mountain Lake Acquisition Corp.
MLAC was a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s management team was led by Paul Grinberg, its Chairman & CEO, and Douglas Horlick, its Chief Financial Officer, Director, and President.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding estimation of the listing. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of MLAC’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although MLAC believes that it has a reasonable basis for each forward-looking statement contained in this press release, MLAC cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of MLAC as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, MLAC does not undertake any duty to update these forward-looking statements.
INVESTOR RELATIONS CONTACT
Mountain Lake Acquisition Corp.
Douglas Horlick
doug@mountainlakeacquisition.com
930 Tahoe Blvd STE 802 PMB 45
Incline Village, NV 89451
(775) 204-1489
