Avalanche Treasury director surrenders 237K shares
Avalanche Treasury Corp (AVAT) reported that director Robert M. Hadick, through indirect holdings "By Astral Horizon, L.P.", had an issuer disposition of 237,833 shares of Class A common stock on 2026-08-25 at $0.5466 per share.
Rhea-AI Filing Summary
Avalanche Treasury Corp (AVAT) reported that director Robert M. Hadick, through indirect holdings "By Astral Horizon, L.P.", had an issuer disposition of 237,833 shares of Class A common stock on 2026-08-25 at $0.5466 per share. According to the disclosure, these shares were repurchased by Avalanche Treasury Corp to satisfy tax withholding related to the issuance of 2,000,000 post-closing shares to Astral Horizon, L.P. under a Business Combination Agreement. Following this transaction, the indirect position reported for Astral Horizon, L.P. was 3,762,167 shares, and Mr. Hadick disclaims beneficial ownership of Astral’s securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 237,833 shares
Disposition
1 txn
Insider
Hadick Robert M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock F1, F2 | 237,833 | $0.5466 | $130K |
Holdings After Transaction:
Class A Common Stock — 3,762,167 shares (Indirect, By Astral Horizon, L.P.)
Footnotes (2)
- F1. Represents shares of Class A common stock repurchased by the Issuer to satisfy tax withholding in connection with the issuance of 2,000,000 post-closing shares to Astral Horizon, L.P., a Delaware limited partnership ("Astral") pursuant to the Business Combination Agreement (as amended) dated October 1, 2025 by and among the Issuer, Mountain Lake Acquisition Corp., a Cayman Islands exempted company, Avalanche SPAC Merger Sub LLC, a Delaware limited liability company, Avalanche Company Merger Sub LLC, a Delaware limited liability company, Avalanche Treasury Company LLC, a Delaware limited liability company, Dragonfly Digital Management, LLC, a Delaware limited liability company, Dragonfly Ventures L.P., a Cayman Islands exempted limited partnership, Dragonfly Ventures II, L.P., a Cayman Islands exempted limited partnership), and Astral.
- F2. Astral is managed by its general partner, Astral Horizon GP, LLC, which is governed by a board of managers consisting of four natural persons, including Mr. Hadick. The managers of Astral Horizon GP, LLC collectively have the authority to manage and control the affairs of Astral, including voting and investment decisions relating to its portfolio securities. Actions by the managers require approval of a majority of the managers, and no individual manager has authority to act unilaterally on behalf of the entity. Mr. Hadick disclaims beneficial ownership of the securities held by Astral, except to the extent of his pecuniary interest therein, if any.
Key Figures
Shares disposed to issuer: 237,833 shares of Class A Common Stock
Transaction price per share: $0.5466 per share
Shares held after transaction: 3,762,167 shares
+2 more
5 metrics
Shares disposed to issuer
237,833 shares of Class A Common Stock
Issuer disposition on 2026-08-25 to satisfy tax withholding
Transaction price per share
$0.5466 per share
Price for 237,833-share issuer disposition on 2026-08-25
Shares held after transaction
3,762,167 shares
Indirect holding "By Astral Horizon, L.P." following the disposition
Post-closing shares issued
2,000,000 shares
Class A common stock issued to Astral Horizon, L.P. under Business Combination Agreement
Business Combination Agreement date
October 1, 2025
Agreement among Avalanche Treasury Corp, merger subsidiaries, Dragonfly entities, and Astral
Key Terms
issuer disposition, Business Combination Agreement, post-closing shares, tax withholding, +1 more
5 terms
issuer disposition regulatory
"transaction_action is described as "issuer disposition""
Business Combination Agreement financial
"pursuant to the Business Combination Agreement (as amended) dated October 1, 2025"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
tax withholding financial
"repurchased by the Issuer to satisfy tax withholding in connection with the issuance"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
FAQ
What insider transaction did AVAT director Robert M. Hadick report on this Form 4?
He reported an issuer disposition of 237,833 shares of Avalanche Treasury Corp Class A common stock on 2026-08-25, indirectly held through Astral Horizon, L.P., at a reported price of $0.5466 per share.
Was the AVAT Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The document-level checkbox indicates aff_10b5_one = false, meaning the transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
