Mountain Lake Amends Business Combination Agreement With Pubco

The latest update is out from Mountain Lake Acquisition Corp. Class A ( (MLAC) ).

On January 13, 2026, Mountain Lake Acquisition Corp. amended its October 1, 2025 Business Combination Agreement with Avalanche Treasury Corporation (Pubco) and related entities to add Astral Horizon and Dragonfly Ventures funds as formal parties and to adjust how equity in the post-combination company will be allocated among the seller-related parties. Under the First Amendment, the Dragonfly Ventures entities’ company units will be treated the same as those held by the original seller, entitling them to receive both Pubco Class A and Class B shares in the merger, while 4 million Pubco Class A shares of additional consideration will now be issued solely to Astral Horizon, with no additional Pubco Class B stock allotted as extra consideration. The amendment also shifts certain seller representations and warranties to be made severally (rather than solely by the original seller), redefines various seller references to include the broader seller-related group, replaces an exhibit governing key deal terms, and is deemed effective as of October 1, 2025, reflecting a rebalancing of economic and legal responsibilities among stakeholders ahead of the proposed AVAX-linked business combination and related private placement.

More about Mountain Lake Acquisition Corp. Class A

Mountain Lake Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a business combination, and it is pursuing a deal that would create a publicly traded entity, Pubco, focused on AVAX-related advisory and other AVAX-related services within the broader crypto-asset and digital assets ecosystem.

Average Trading Volume: 83,435

Technical Sentiment Signal: Strong Buy

Current Market Cap: $323.3M

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