Mountain Lake Acquisition, Avalanche Treasury Co enter $675M combination

Avalanche Treasury, an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, “announced a definitive business combination agreement with Mountain Lake Acquisition (MLAC) Corp. valued at over $675M. The transaction includes approximately $460 million in treasury assets and is designed to create a leading public vehicle for AVAX exposure. The combined company expects to list on Nasdaq in Q1 2026, subject to regulatory and shareholder approval.”