Mountain Lake Acquisition Corp

MLAC

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.

Nevada, June 10, 2026 (GLOBE NEWSWIRE) -- Mountain Lake Acquisition Corp. (the “Company”) (Nasdaq: “MLAC”) announced today that its upcoming extraordinary general meeting of shareholders (the “Special Meeting”) which was initially scheduled for June 12, 2026, is being postponed to June 16, 2026. At the Special Meeting, shareholders will be asked to vote on proposals to approve, among other things, its extension of the date by which the Company must consummate an initial business combination from June 16, 2026 to September 16, 2026 (the “Articles Extension”). There is no change to the location, the record date, the redemption deadline for the Special Meeting, the purpose or any of the proposals to be acted upon at the Special Meeting.

NEW YORK--(BUSINESS WIRE)--Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. 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 Nasda.