EX-99.1 2 ea029444702ex99-1.htm PRESS RELEASE, DATED JUNE 11, 2026 Exhibit 99.1 Mountain Lake Acquisition Corp. Announces Closing of Business Combination and Listing on Nasdaq Incline Village, Nevada, June 11, 2026 (GLOBE NEWSWIRE) -- Mountain Lake Acquisition Corp (“MLAC”), a special purpose acquisition company, today announced the completion of its previously announced business combination with Avalanche Treasury Corporation (“AVAT”) (the “Business Combination”). The shares of Class A common stock of AVAT, the combined company following the Business Combination, will commence trading on the Nasdaq on June 11, 2026, under the ticker symbol “AVAT.” The Business Combination was approved by MLAC’s shareholders at an extraordinary general meeting in lieu of an annual general meeting of shareholders on June 4, 2026, and all remaining closing conditions of the Business Combination were satisfied or waived among the parties as of June 11, 2026. Advisors Ellenoff Grossman & Schole LLP and Forbes Hare served as legal advisors to MLAC. Skadden, Arps, Slate, Meagher & Flom (UK) LLP and Appleby (Cayman) Ltd. served as legal advisors to AVAT. BTIG, LLC served as financial and capital…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Mountain Lake Acquisition Corp.
MLACUNKNOWNEQUITYCurrent
Other Events
Item 8.01 Other Events. On June 11, 2026, Mountain Lake Acquisition Corp., a Cayman Islands exempted company (the “Company”) issued a press release (the “Press Release”) announcing that its previously announced business combination with Avalanche Treasury Corporation (“AVAT”) (the “Business Combination”) was consummated.…
Company context
MLAC was a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s management team was led by Paul Grinberg, its Chairman & CEO, and Douglas Horlick, its Chief Financial Officer, Director, and President.
Current securities
Historical securities (1)
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On June 11, 2026, Mountain Lake Acquisition
Corp., a Cayman Islands exempted company (the “Company”) issued a press release (the “Press Release”)
announcing that its previously announced business combination with Avalanche Treasury Corporation (“AVAT”) (the
“Business Combination”) was consummated. The shares of Class A common stock of AVAT, the combined company following the
Business Combination, will commence trading on the Nasdaq on June 11, 2026, under the ticker symbol
“AVAT.” The Business Combination was approved by MLAC’s shareholders at an extraordinary general meeting in lieu
of an annual general meeting of shareholders on June 4, 2026, and all remaining closing conditions of the Business Combination were
satisfied or waived among the parties as of June 11, 2026.
A copy of the Press Release is attached hereto
as Exhibit 99.1 and incorporated herein by reference.
Forward-Looking Statements
This Current Report on the Form 8-K includes
“forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,”
“plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,”
“believe,” “seek,” “target” or other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements
regarding estimation of the listing. These statements are based on various assumptions, whether or not identified in this press release,
and on the current expectations of MLAC’s management and are not predictions of actual performance. These statements involve risks,
uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially
different from those expressed or implied by these forward-looking statements. Although MLAC believes that it has a reasonable basis
for each forward-looking statement contained in this press release, MLAC cautions you that these statements are based on a combination
of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in
this press release represent the views of MLAC as of the date of this press release. Subsequent events and developments may cause those
views to change. Except as may be required by law, MLAC does not undertake any duty to update these forward-looking statements.