Mountain Lake Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing February 3, 2025
30 January 2025 - 8:00AM
Mountain Lake Acquisition Corp. (NASDAQ: MLAC) (the “Company”)
announced today that, commencing February 3, 2025, holders of the
units sold in the Company’s initial public offering completed on
December 16, 2024 may elect to separately trade the Class A
ordinary shares of the Company and the rights included in such
units on The Nasdaq Global Market (“Nasdaq”).
The Class A ordinary shares and rights that are
separated will trade on Nasdaq under the symbols “MLAC” and
“MLACR,” respectively. Those units not separated will continue to
trade on Nasdaq under the symbol “MLACU.” Holders of units will
need to have their brokers contact Continental Stock Transfer &
Trust Company, the Company’s transfer agent, in order to separate
the units into Class A ordinary shares and rights.
The units were initially offered by the Company
in an underwritten offering. BTIG, LLC acted as sole book-running
manager of the offering.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Mountain Lake Acquisition Corp.
Mountain Lake Acquisition Corp. is a blank check
company newly incorporated as a Cayman Islands exempted company
with limited liability for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. The
Company may pursue an initial business combination target in any
business or industry or at any stage of its corporate evolution.
The Company’s primary focus will be in completing a business
combination with an established business of scale poised for
continued growth, led by a highly regarded management team.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the anticipated use of the net proceeds of the offering and the
Company’s search for an initial business combination. No assurance
can be given that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and prospectus for the Company’s
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Contact:
Douglas Horlickdoug@mountainlakeacquisition.comMountain Lake
Acquisition Corp.930 Tahoe Blvd STE 802 PMB 45Incline Village, NV
89451(775) 204-1489
Mountain Lake Acquisition (NASDAQ:MLAC)
Historical Stock Chart
From Jan 2025 to Feb 2025
Mountain Lake Acquisition (NASDAQ:MLAC)
Historical Stock Chart
From Feb 2024 to Feb 2025