# Mountain Lake Acquisition Corp. (MLACU) — merger/spac_merger [completed]
Source: SEC API (secapi.ai) · situation sit_5abb85ca998a0841d1d3 · retrieved 2026-08-11T15:54:01.184Z

## Overview
Mountain Lake Acquisition Corp. is a blank-check company incorporated in the Cayman Islands that is pursuing a business combination with Avalanche Treasury Company LLC, which holds Avalanche (AVAX) cryptocurrency assets and provides AVAX-related advisory and services.

Mountain Lake Acquisition Corp. (SPAC) and Avalanche Treasury Corporation (Pubco) amended their October 1, 2025 Business Combination Agreement on January 13, 2026, adding Astral Horizon, L.P., Dragonfly Ventures L.P., and Dragonfly Ventures II, L.P. as parties. Under the amendment, the Dragonfly Ventures entities will receive one share of Pubco Class A Stock and one share of Pubco Class B Stock for each Company Unit held, while Astral will receive 4,000,000 shares of Pubco Class A Stock as additional merger consideration (with no Class B Stock). The amendment also restructures the earnout provisions, with 2,000,000 of Astral's shares subject to escrow and potential release based on achievement of stock price targets ($13, $15, and $17 per share) over a five-year earnout period.

## Terms
- Counterparty: Avalanche Treasury Corporation (Pubco); Dragonfly Digital Management, LLC; Dragonfly Ventures L.P.; Dragonfly Ventures II, L.P.; Astral Horizon, L.P. · Consideration: stock

## Key dates
- Completed 2026-01-13

## Timeline
- 2026-01-13 · 425 (0001213900-26-003960): 425 - Mountain Lake Acquisition Corp. — *Mountain Lake Acquisition Corp. is a blank-check company incorporated in the Cayman Islands that is pursuing a business combination with Avalanche Treasury Company LLC, which holds Avalanche (AVAX) cryptocurrency assets and provides AVAX-related advisory and services.* Mountain Lake Acquisition Corp. (SPAC) and Avalanche Treasury Corporation (Pubco) amended their October 1, 2025 Business Combination Agreement on January 13, 2026, adding Astral Horizon, L.P., Dragonfly Ventures L.P., and Dragonfly Ventures II, L.P. as parties. Under the amendment, the Dragonfly Ventures entities will receive one share of Pubco Class A Stock and one share of Pubco Class B Stock for each Company Unit held, while Astral will receive 4,000,000 shares of Pubco Class A Stock as additional merger consideration (with no Class B Stock). The amendment also restructures the earnout provisions, with 2,000,000 of Astral's shares subject to escrow and potential release based on achievement of stock price targets ($13, $15, and $17 per share) over a five-year earnout period.
  https://www.sec.gov/Archives/edgar/data/2029492/0001213900-26-003960.txt

## Citations
- 0001213900-26-003960 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026003960