Avalanche Treasury Corp Appoints New Director to Audit Committee

What Happened Avalanche Treasury Corp (AVAT) announced on September 8, 2026 that it increased its board size from three to four directors and appointed Virginia Gambale to the Board of Directors and to the Audit Committee, effective that date. Gerald Bartholomew Smith resigned from the Audit Committee effective September 8, 2026 but remains a director. Paul Grinberg, Audit Committee Chair, also entered into a director services agreement on September 8, 2026.

Key Details

• Appointment effective: September 8, 2026 — Virginia Gambale added to the Board and Audit Committee.
• Audit Committee composition: After these changes, the committee has two members who qualify as independent under Rule 10A-3 of the Exchange Act, permitted during the Nasdaq phase-in period (Nasdaq Rule 5615(b)(1)(B)).
• Agreements filed: Gambale and Grinberg signed director services agreements (filed as Exhibits 10.1 and 10.2). Gambale also entered the Company’s standard indemnification agreement previously filed on June 17, 2026.
• Compensation and expenses: Under the director services agreements, Gambale and Grinberg will receive compensation per the Company’s director compensation policy and will be reimbursed for reasonable travel and out-of-pocket expenses.

Why It Matters Board composition and audit committee membership affect corporate oversight, especially of financial reporting and controls. Adding a new director and updating Audit Committee membership may influence governance and investor confidence; the filing confirms the committee meets Nasdaq independence requirements during the phase-in period. Investors should note the governance change and that related director agreements have been filed with the SEC.