SPAC Mountain Lake & Avalanche Treasury Business Combination

On October 1, 2025, Mountain Lake Acquisition Corp., a Cayman Islands exempt company (SPAC), and Avalanche Treasury Corporation, a Delaware corporation (Pubco), announced they had entered into a Business Combination Agreement. This agreement involves several entities, including Avalanche SPAC Merger Sub LLC, Avalanche Company Merger Sub LLC, Avalanche Treasury Company LLC (Newco), and Dragonfly Digital Management, LLC (Seller), aiming to merge the companies and bring Avalanche Treasury Corporation public.

The strategic rationale behind this combination highlights Avalanche's position as a leading enterprise blockchain platform. Bart Smith, CEO of Pubco, emphasized Avalanche's role as "enterprise software", akin to foundational databases like Oracle in its ability to make companies more efficient and run faster. He noted that while many think of blockchain for network effects, Avalanche's strength lies in its practical application for businesses.

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