v3.25.1

Statement of Cash Flows	7 Months Ended
Statement of Cash Flows	Dec. 31, 2024 USD ($)
Cash Flows from Operating Activities:
Net income	$ 443,117
Adjustments to reconcile net income to net cash used in operating activities:
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares	8,533
Payment of operation costs through promissory note	70,488
Interest earned on marketable securities held in Trust Account	(493,853)
Changes in operating assets and liabilities:
Prepaid expenses	(18,440)
Long-term prepaid insurance	(87,776)
Prepaid insurance	(92,500)
Accounts payable and accrued expenses	7,401
Due to Sponsor	3,183
Net cash used in operating activities	(159,847)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(231,150,000)
Net cash used in investing activities	(231,150,000)
Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid	225,400,000
Proceeds from sale of Private Placement Units	8,050,000
Repayment of promissory note - related party	(249,828)
Payment of offering costs	(506,933)
Net cash provided by financing activities	232,693,239
Net Change in Cash	1,383,392
Cash - Beginning of period
Cash - End of period	1,383,392
Non-Cash Investing and Financing Activities:
Offering costs included in accrued offering costs	6,750
Prepaid services paid by Sponsor in exchange for issuance of Class B ordinary shares	25,000
Offering costs paid through promissory note – related party	174,111
Prepaid services contributed by Sponsor through promissory note - related party	5,229
Offering costs paid through prepaid expenses	16,467
Deferred underwriting fee payable	8,050,000
Forfeiture of Founder Shares	$ 36

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Mountain Lake Acquisition Corp. 10-K