Mountain Lake Acquisition Corp. 8-K

What Happened

• Mountain Lake Acquisition Corp. (SPAC) filed an 8-K on Jan 13, 2026 announcing Amendment No. 1 to its Business Combination Agreement with Avalanche Treasury Corporation (Pubco) and related parties. The First Amendment, effective October 1, 2025, adds Astral Horizon, L.P. and two Dragonfly Ventures funds as parties and revises how consideration and seller representations are handled in the proposed business combination (the “Proposed Transactions”).

Key Details

• The First Amendment adds Astral Horizon, L.P., Dragonfly Ventures L.P. and Dragonfly Ventures II L.P. as parties and binds them to the Business Combination Agreement.
• Dragonfly Ventures funds’ Company Units will be treated like Seller-held units: upon the Company Merger they will receive 1 Pubco Class A share and 1 Pubco Class B share per Company Unit.
• Additional Consideration at closing will be 4,000,000 shares of Pubco Class A Stock issued to Astral only (no Pubco Class B Stock issued as Additional Consideration).
• Seller-related representations and warranties under Article VII will be made severally (by each Seller-related party and Astral) rather than solely by the original Seller; Exhibit E to the agreement was replaced.

Why It Matters

• This amendment changes who is contractually bound and how equity from the merger will be allocated among seller-related parties, which affects the post-closing ownership mix of Pubco Class A and Class B stock.
• Investors should watch upcoming filings: Pubco and the Company intend to file a Form S-4 (proxy statement/prospectus) and other documents describing the Proposed Transactions, private placement, voting details and risks (including AVAX price exposure and shareholder redemptions).
• Retail investors should review the forthcoming proxy/prospectus when available before voting or investing, since the amendment alters parties’ rights and consideration tied to the merger.