Avalanche Treasury Co. & Mountain Lake Acquisition SPAC Merger

USA - On October 1, 2025, Mountain Lake Acquisition Corp. (NASDAQ:MLAC), a special purpose acquisition company (SPAC), and Avalanche Treasury Corporation ("Pubco") announced they had entered into a definitive Business Combination Agreement. This strategic merger aims to launch Avalanche Treasury Co. (AVAT), a new investment vehicle designed to provide institutional investors with compliant and active exposure to the Avalanche (AVAX) ecosystem. The announcement was further detailed in a communication by Pubco CEO Bart Smith on October 29, 2025.

The upcoming US$675 million SPAC merger with Mountain Lake Acquisition Corp. will position AVAT as a uniquely structured treasury dedicated to the Avalanche ecosystem. With initial assets nearing US$460 million, the company plans to acquire an additional US$200 million in AVAX tokens, targeting a total US$1 billion AVAX treasury. A Nasdaq listing for AVAT is anticipated in early 2026.

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