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Mountain Lake Acquisition Corp.
MLACUCIK 0002029492NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$8.28M
Total Assets
$241.79M
Equity
$-734.8K
Shares Out
—
Op. Cash Flow
$-930.7K
Business
Mountain Lake Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It offers capital and a public listing vehicle by raising proceeds in an IPO and holding them in a trust to fund an initial business combination and related transaction services, including redemption mechanisms for public shareholders. Its activities center on sourcing and executing a single initial business combination led by its sponsor and management team. It may pursue targets in any industry or geographic market and will access public markets (Nasdaq) and private placement channels to consummate transactions.
Summary from filing dated 2025-03-19
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative expenses | 1 | |
| Loss from operations | −1 | |
| Interest earned on cash and marketable securities held in Trust Account | 10 | |
| Net income | 8 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-05-31 |
|---|---|---|---|---|
| Cash | 452,680 | 1 | — | |
| Prepaid expenses | 16,840 | 23,669 | — | |
| Prepaid insurance | 87,776 | 92,500 | — | |
| Total Current Assets | 557,296 | 1 | — | |
| Long-term prepaid insurance | — | 87,776 | — | |
| Cash and marketable securities held in Trust Account | 241 | 232 | — | |
| TOTAL ASSETS | 242 | 233 | — | |
| Accounts payable and accrued expenses | 291,378 | 7,401 | — | |
| Accrued offering costs | — | 6,750 | — | |
| Due to Sponsor | 688 | 3,183 | — | |
| Total Current Liabilities | 292,066 | 17,334 | — | |
| Deferred underwriting fee payable | 1 | 8 | — | |
| Total Liabilities | 1 | 8 | — | |
| Commitments and Contingencies | — | — | — | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.49 and $10.07 per share as of December 31, 2025 and 2024, respectively | 241 | 232 | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; 0 shares issued or outstanding as of December 31, 2025 and 2024 | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −735,570 | −6 | — | |
| Total Shareholders Deficit | −734,770 | −6 | — | |
| TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT | 242 | 233 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | |
| Payment of operation costs through promissory note | — | |
| Prepaid expenses and other current assets | 6,829 | |
| Long-term prepaid insurance | 87,776 | |
| Prepaid insurance | 4,724 | |
| Due to Sponsor | −2,495 | |
| Accrued offering costs | −6,750 | |
| Accounts payable and accrued expenses | 283,977 | |
| Net cash used in operating activities | −930,712 | |
| Investment of cash in Trust Account | — | |
| Net cash used in investing activities | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | |
| Proceeds from sale of Private Placement Units | — | |
| Repayment of promissory note - related party | — | |
| Payment of offering costs | — | |
| Net cash provided by financing activities | — | |
| Net Change in Cash | −930,712 | |
| Reversal of deferred underwriting fee payable | 7 | |
| Offering costs included in accrued offering costs | — | |
| Prepaid expenses paid by Sponsor for issuance of Class B ordinary shares | — | |
| Offering costs paid through promissory note related party | — | |
| Prepaid services contributed by Sponsor through promissory note - related party | — | |
| Offering costs paid through prepaid expenses | — | |
| Deferred underwriting fee payable | — | |
| Forfeiture of Founder Shares | — |
Filings
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