Mountain Lake Updates Business Combination Agreement with Pubco

Mountain Lake Acquisition Corp. Class A ( (MLAC) ) just unveiled an update.

On March 17, 2026, Mountain Lake Acquisition Corp., Avalanche Treasury Corporation (Pubco), their merger subsidiaries, Avalanche Treasury Company LLC and the Dragonfly-related seller parties signed a Second Amendment to their October 1, 2025 Business Combination Agreement. The amendment postpones issuance of 2,000,000 Pubco Class A “Astral Post-Closing Shares” owed to Astral Horizon L.P. as additional merger consideration, shifting the issuance from the Company Merger Effective Date to the 30th day after the transaction’s closing.

The parties continue to advance their proposed business combination and concurrent private placement, with Pubco and the Company planning to register the deal on Form S‑4 and circulate a proxy statement/prospectus to Mountain Lake shareholders. The change in timing of Astral’s share issuance fine-tunes the economics and sequencing of consideration around closing but does not alter the broader transaction structure, which remains subject to shareholder approval, market conditions and numerous regulatory and crypto‑market risks highlighted by the companies.

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, currently targeting Avalanche Treasury Company LLC and related Avalanche entities operating in the AVAX-focused crypto and digital asset ecosystem. Through its proposed merger with Pubco and the Company, Mountain Lake aims to create a publicly listed platform offering AVAX-related advisory and other AVAX-centric services, positioning itself within the highly volatile and competitive cryptocurrency infrastructure and services market.

Average Trading Volume: 77,586

Technical Sentiment Signal: Strong Buy

Current Market Cap: $326.7M

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