Horlick Douglas 4
4 · Mountain Lake Acquisition Corp. · Filed Dec 16, 2024
Insider Transaction Report
Form 4
Horlick Douglas
DirectorCFO
Transactions
- Purchase
Rights to receive Class A Ordinary Shares
2024-12-16+12,500→ 12,500 total(indirect: See Footnote)→ Class A Ordinary Share, par value $0.0001 per share (12,500 underlying) - Purchase
Class A Ordinary Share, par value $0.0001 per share
2024-12-16+12,500→ 12,500 total(indirect: See Footnote) - Award
Class B ordinary shares, par value $0.0001 per share
2024-12-12+65,968→ 1,365,009 total(indirect: See Footnote)→ Class A ordinary shares (65,968 underlying) - Disposition to Issuer
Class B ordinary shares, par value $0.0001 per share
2024-12-16−65,968→ 1,299,041 total(indirect: See Footnote)→ Class A ordinary shares (65,968 underlying)
Footnotes (7)
- [F1]Reflects the private units owned by Mountain Lake Acquisition Sponsor LLC, the Issuer's sponsor (the "Sponsor"), in which the reporting person has a pecuniary interest. The private units consist of Class A ordinary shares and rights.
- [F2]The private units were purchased at $10.00 per unit.
- [F3]There are two managing member of the Sponsor, Paul Grinberg and Paul Grinberg. Messrs. Grinberg and Horlick hold voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Messrs. Grinberg and Horlick may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Horlick disclaims any beneficial ownership except to the extent of his pecuniary interest therein.
- [F4]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.
- [F5]Reflects the issuance of bonus shares on December 12, 2024 in connection with the upsize of the Issuer's initial public offering.
- [F6]Reflects the forfeiture of shares because the Issuer's over-allotment option was only partially exercised by the underwriters.
- [F7]The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination.