Mountain Lake SPAC Forms Avalanche Treasury Co. for AVAX

On October 2, 2025, Mountain Lake Acquisition Corp. (Nasdaq: MLAC), a special purpose acquisition company (SPAC), and Avalanche Treasury Corporation (Pubco) announced a definitive Business Combination Agreement. This agreement will lead to the formation of Avalanche Treasury Co., a new public company focused on accumulating the Avalanche (AVAX) cryptocurrency.

The newly formed Avalanche Treasury Co. is expected to have an initial valuation of $671 million. This valuation comprises approximately $440 million in capital raised from various investors, combined with the $230 million already held by the acquisition vehicle. The company plans to list on the Nasdaq stock exchange in the first quarter of 2026 under the ticker symbol AVAT.

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