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Mountain Lake Acquisition (NASDAQ: MLAAU) starts separate share and warrant trading

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Mountain Lake Acquisition Corp. II filed an update describing two post-IPO developments. The company’s units from its initial public offering, each made up of one Class A ordinary share and half of a redeemable warrant exercisable at $11.50 per share, will begin separate trading on the Nasdaq Global Market on March 19, 2026 under the symbols MLAA for the shares and MLAAW for the warrants, while unsplit units will continue under MLAAU.

The filing also notes that the January 28, 2026 IPO comprised 36,000,000 units sold at $10.00 per unit, generating gross proceeds of $360,000,000. Because underwriters only partially exercised their over-allotment option, the sponsor forfeited 6,000 Class B ordinary shares on March 16, 2026, slightly reducing its founder share position.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): March 18, 2026

 

MOUNTAIN LAKE ACQUISITION CORP. II

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-43075   98-1891915
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

930 Tahoe Blvd STE 802 PMB 45

Incline Village, NV 89451

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (775) 204-1489

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units,each consisting of one Class A ordinary share and one-half of one redeemable warrant   MLAAU   The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share   MLAA   The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share   MLAAW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 8.01. Other Events.

 

Separate Trading of Class A Ordinary Shares and Warrants

 

On March 18, 2026, Mountain Lake Acquisition Corp. II (the “Company”) announced that, commencing on March 19, 2026, the holders of the units issued in its initial public offering (the “Units”), each Unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Share”), and one-half of one redeemable warrant of the Company (the “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, may elect to separately trade the Class A Ordinary Shares and the Warrants included in the Units. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Any Units not separated will continue to trade on the Nasdaq Global Market under the symbol “MLAAU.” The Class A Ordinary Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols “MLAA” and “MLAAW,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A Ordinary Shares and Warrants.

 

Forfeiture of Founder Shares

 

As previously reported, on January 28, 2026, the Company consummated its initial public offering of 36,000,000 units (the “Units”), including 4,680,000 Units issued pursuant to the partial exercise by the underwriters of their 45-day over-allotment option to purchase up to 4,698,000 additional units at the initial public offering price. Each Unit consisted of one Class A ordinary share of the Company, par value $0.0001 per share, and one-half of one redeemable warrant of the Company, with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $360,000,000 Mountain Lake Acquisition Sponsor II LLC, the Company’s sponsor (the “Sponsor”), owned an aggregate of 12,006,000 Class B common stock of the Company, par value $0.0001 per share (“Class B Ordinary Shares”) at the consummation of the IPO, up to 6,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised.

 

On March 11, 2026, the underwriters informed the Company that they would not exercise the remainder of their over-allotment option. As a result, on March 16, 2026, 6,000 Class B Ordinary Shares of the Company were forfeited by the Sponsor

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release dated March 18, 2026.
104   The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

 

1

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MOUNTAIN LAKE ACQUISITION CORP. II
     
Date: March 18, 2026 By: /s/ Paul Grinberg
    Name:  Paul Grinberg
    Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Mountain Lake Acquisition Corp. II Announces the Separate Trading of its Class A

Ordinary Shares and Warrants, Commencing March 19, 2026

 

Incline Village, NV, March 18, 2026 (GLOBE NEWSWIRE) -- Mountain Lake Acquisition Corp. II (Nasdaq: MLAAU) (the “Company”) announced today that, commencing March 19, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “MLAA” and “MLAAW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “MLAAU.”

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

About Mountain Lake Acquisition Corp. II

 

Mountain Lake Acquisition Corp. II is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

 

Forward-Looking Statements

 

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

Company Contact

 

Douglas Horlick

930 Tahoe Blvd STE 802 PMB 45

Incline Village, NV 89451

Email: doug@mountainlakeacquisition.com

FAQ

What did Mountain Lake Acquisition Corp. II (MLAAU) announce in this 8-K?

Mountain Lake Acquisition Corp. II announced that its IPO units will begin separate trading into Class A ordinary shares and warrants, and that its sponsor forfeited 6,000 Class B founder shares after underwriters declined to fully exercise their over-allotment option.

When will MLAAU units separate into Class A shares and warrants?

The units will begin separate trading on March 19, 2026. From that date, Class A ordinary shares are expected to trade under “MLAA” and warrants under “MLAAW,” while any units that remain combined will continue trading under the existing “MLAAU” symbol.

What are the terms of Mountain Lake Acquisition Corp. II’s warrants?

Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50. No fractional warrants will be issued upon separation of the units, so only whole warrants will trade on the Nasdaq Global Market under the symbol “MLAAW.”

How large was the Mountain Lake Acquisition Corp. II IPO?

The company’s initial public offering on January 28, 2026 consisted of 36,000,000 units sold at $10.00 per unit. This structure generated gross proceeds of $360,000,000 for the SPAC, before deducting underwriting discounts, commissions, and other offering expenses.

Why did the Mountain Lake Acquisition sponsor forfeit 6,000 Class B shares?

The sponsor originally held 12,006,000 Class B ordinary shares, with 6,000 subject to forfeiture depending on underwriter over-allotment. When underwriters chose not to exercise the remaining portion of their option, 6,000 Class B shares were forfeited on March 16, 2026, slightly reducing founder holdings.

What is Mountain Lake Acquisition Corp. II’s business purpose as a SPAC?

Mountain Lake Acquisition Corp. II is a blank check company formed to pursue a business combination. It may complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction with one or more businesses, as described in its prospectus and related disclosures.

Filing Exhibits & Attachments

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Mountain Lake Acquisition

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