Mountain Lake Acquisition Corp. II 8-K

What Happened
Mountain Lake Acquisition Corp. II announced on Jan. 28, 2026 that it consummated its initial public offering of 36,000,000 units at $10.00 per unit (including 4,680,000 units issued on full exercise of the underwriters’ over‑allotment). Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Simultaneously the company completed a private placement of 980,000 units (510,000 to the sponsor and 470,000 to BTIG, LLC) at $10.00 per unit. A total of $360,000,000 was placed in a U.S.-based trust account held by Continental Stock Transfer & Trust Company; the amount placed reflects the net IPO proceeds (which may include up to $12,600,000 of the underwriter’s deferred discount) together with the private placement proceeds. The company also filed an audited balance sheet as of Jan. 28, 2026 (Exhibit 99.1).

Key Details

• IPO size: 36,000,000 units sold at $10.00 per unit; gross IPO proceeds reported as $360,000,000.
• Over‑allotment: Underwriters exercised the full over‑allotment option of 4,680,000 units.
• Private placement: 980,000 units sold for $9,800,000 (510,000 to Mountain Lake Acquisition Sponsor II LLC; 470,000 to BTIG, LLC).
• Trust and reporting: $360,000,000 placed in a U.S.-based trust account (trustee: Continental Stock Transfer & Trust Company); audited balance sheet included as Exhibit 99.1 to the Form 8‑K.

Why It Matters
For investors, the filing confirms the SPAC has completed its capital raise and placed the offering proceeds in a trustee‑held trust — the pool of cash that will be available for any future business combination. The sponsor and an institutional buyer (BTIG) participated in the private placement, establishing initial insider/affiliate and institutional stakes. The audited balance sheet gives investors verified financial reporting of the post-IPO cash position. This filing does not announce any merger or business combination.