Mountain Lake Acquisition Sponsor LLC 4
4 · Mountain Lake Acquisition Corp. · Filed Dec 16, 2024
Insider Transaction Report
Form 4
Transactions
- Purchase
Class A Ordinary Share, par value $0.0001 per share
2024-12-16+495,000→ 495,000 total - Award
Class B ordinary shares, par value $0.0001 per share
2024-12-12+359,375→ 7,546,875 total→ Class A ordinary shares (359,375 underlying) - Disposition to Issuer
Class B ordinary shares, par value $0.0001 per share
2024-12-16−359,375→ 7,187,500 total→ Class A ordinary shares (359,375 underlying) - Purchase
Rights to receive Class A Ordinary Shares
2024-12-16+495,000→ 495,000 total→ Class A Ordinary Share, par value $0.0001 per share (495,000 underlying)
Footnotes (5)
- [F1]Reflects the 495,000 private units owned by Mountain Lake Acquisition Sponsor LLC, the sponsor (the "Sponsor") of Mountain Lake Acquisition Corp. (the "Issuer"). The private units consist of Class A ordinary shares and rights. The private units were purchased at $10.00 per unit for an aggregate purchase price of $4,950,000.
- [F2]As described in the registration statement on Form S-1 (File No. 333-281410) of the Issuer under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments.
- [F3]Reflects the issuance of bonus shares on December 12, 2024 in connection with the upsize of the Issuer's initial public offering.
- [F4]Reflects the forfeiture of shares because the Issuer's over-allotment option was only partially exercised by the underwriters.
- [F5]The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination.