Here are the 10-Q quarterly reports from Mountain Lake Acquisition Corp. (MLAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MLAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MLAC filings page.
Mountain Lake Acquisition Corp. reported net income of $1,724,016 for the quarter ended March 31, 2026, mainly from $2,113,587 of interest on cash and investments in its Trust Account, offset by $389,571 of general and administrative expenses.
The SPAC held $243,344,159 in its Trust Account and only $66,568 in cash outside the trust, resulting in a working capital deficit of $124,341. Management disclosed that these conditions, and the need to complete a business combination within the defined Combination Period, raise substantial doubt about the company’s ability to continue as a going concern.
The company continues to pursue its proposed business combination with Avalanche Treasury Company LLC and related parties, supported by previously announced subscription agreements for approximately $274 million of Company Class A units at $10.00 per unit and a token sale and contribution structure involving AVAX tokens.
Mountain Lake Acquisition Corp. (MLAC) filed its Q3 2025 report. As a SPAC, it reported net income of $2,133,281 for the quarter, driven by $2,527,476 of interest on trust assets and $394,195 of general and administrative expenses. Year‑to‑date net income was $6,348,172.
MLAC held $238,902,575 in cash and marketable securities in its Trust Account as of September 30, 2025, and $845,830 in cash outside the trust. The company disclosed “substantial doubt” about its ability to continue as a going concern if it does not complete a business combination within its combination period, noting plans to close a deal before the mandatory liquidation date.
On October 1, 2025, MLAC signed a Business Combination Agreement involving Avalanche Treasury entities and Dragonfly Digital Management. Concurrently, investors agreed to purchase approximately $274 million of Company Class A units at $10.00 per unit in a private placement, and the Foundation agreed to sell a minimum of $200 million of AVAX tokens, while 1,960,040 AVAX tokens will be contributed for 5,805,638 units. As of November 10, 2025, there were 23,805,000 Class A and 7,187,500 Class B ordinary shares outstanding.