Mountain Lake Acquisition Corporation (MLAC)

Bring on the Cloud AI block chain. Shorts can smash it to .25 cents.

Hold for the 70 dollar payout. Or till prison boys and girls. No shame here, yet.

MLAC Jun 10 • 04:00PM ET $3.12

I think Thursday was when AVAT updated their website which disclosed much information about companies dealings. Up until then not much info was released about company.

Not no 425s with AVAT open discussions of companies doings. Very little info was released until updated website.

Website reading was impressive, enough for me to hold my position and not take a loss.

Big Spook with ill informed share holders here.

What happen the last two days was Share holders voted to merge in Spac. Then they all 230 million dollars redeem the shares,

----- Everybody Jumped ship.

----- Craziest thing I have ever seen.

I mean the caliber of people your associated with

And you represent Ava labs? I am sorry i don't get it. Lawyers need to be dispatched and cuff that short -

Mountain Lake Acquisition (Nasdaq: MLAC) postponed its extraordinary general meeting from June 12, 2026 to 10:00 a.m. ET, June 16, 2026. Shareholders will vote on extending the SPAC’s deadline to complete an initial business combination from June 16, 2026 to September 16, 2026.

Shareholders approved the proposed business combination with Avalanche Treasury Corporation on June 4, 2026. The postponement is intended to allow additional time to satisfy or waive conditions and close the transaction.

On March 20, 2026, Avalanche Treasury Company, LLC (“AVAT”) signed a Master Lender Agreement (the “Master Lender Agreement”) with FalconX Charlie, Inc. (the “Lender”) to facilitate the potential future execution of collateralized Loans in which the Lender may lend to AVAT certain Digital Currency or cash (dependent on the loaned asset specified in the relevant executed loan term sheet) and AVAT would pay a Loan Fee as well as pledge Collateral on or prior to the date of any drawdown pursuant to such future loan term sheet, as applicable. The Loans under the Master Lender Agreement may be Open Loans without a Maturity Date, whereby AVAT may repay and Lender may recall the Loan at any time, or Term Loans with a predetermined Maturity Date.



On May 29, 2026, AVAT and the Lender executed a loan term sheet, pursuant to which AVAT agreed to borrow from the Lender, and the Lender agreed to lend to AVAT, a Loan of $25 million pursuant to an Open Loan (the “May 2026 Collateralized Open Loan”). The Loan Fee is 7% per annum.



At closing of the business combination between, among others, AVAT and Mountain Lake Acquisition Corp. (the “Business Combination”), AVAT will pledge approximately 5.6 million AVAX pursuant to the May 2026 Collateralized Open Loan, which is based on an Initial Collateral Ratio of 200%. The Collateral will be held in a segregated custody account with Anchorage Digital Bank N.A. (“Anchorage”) pursuant to an Account Control Agreement among Anchorage, AVAT and the Lender.



The Margin Call Limit is 180%, whereby if the Collateral Ratio drops below such Margin Call Limit, the Lender has the right to require AVAT by way of a Margin Call to provide the Lender with additional Collateral to cause the Collateral Ratio to equal the Initial Collateral Ratio. The Default Limit is 160%, whereby if the Collateral Ratio drops below such Default Limit, the Lender has the option to declare an Event of Default. The Refund Limit is 230%, whereby if the Collateral Ratio increases above such Refund Limit for a continuous period of thirty (30) days, AVAT has the right to require the Lender to return an amount of Collateral such that the Collateral Ratio is equal to the Initial Collateral Ratio.



Staking of the Collateral is subject to the following limitations: (i) no more than 75% of the Collateral may be staked at any given time and (ii) all staked Collateral must be structured using a laddered epoch strategy ensuring that a minimum of 50% of the aggregate staked position matures and reverts to an unstaked, fully liquid status on a rolling seven-day (weekly) cycle.



The Loaned Assets may be drawn by AVAT after closing of the Business Combination once the Collateral is received by the Lender. AVAT intends to use the May 2026 Collateralized Open Loan to finance certain closing costs in connection with the Business Combination.



All capitalized terms used in this Current Report on Form 8-K but not otherwise defined have the meaning ascribed to such terms in the exhibits set forth herein as Exhibits 10.1 and 10.2. The foregoing descriptions of the Master Lender Agreement and May 2026 Collateralized Open Loan are qualified in their entirety by reference to the full text of the agreements, which are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference

https://www.otcmarkets.com/filing/html?id=19496646&guid=guF-kWbePFBjh3h

PPS is a Freak debt holder - NASDAQ What a sick joke

ME - So the debt holders have put a Death curse on companies 2 day NASDAQ debut ?

Pure evil and disgusting you commie.

A good ole American back stab.

That harms the company - The Highest level of uncontrolled NASTEY You are

If AVAX keeps falling, the collateralized loan creates a margin call risk (you can see the 160% liquidation threshold in the filing), and a reverse split to maintain Nasdaq listing minimums becomes plausible. Key Structural Red Flags From the Filing

Going concern on both entities as of Q1 2026
Zero cash at the PubCo level; OpCo had only $1.2M cash against $17.9M in current liabilities
The $25M collateralized loan was taken out specifically to pay closing costs — not to invest or grow
AVAX holdings lost ~$46M in fair value in a single quarter (Q1 2026 alone)
stAVAX suffered a $5M impairment on top of that
Large portion of AVAX is locked up — some until 2030 — limiting liquidity
2:31 PM

What the , other board, Comments Are Reacting To
The "dumping in blocks" comment is a real observation worth taking seriously. Here's the structural reason it happens:
The filing reveals massive insider/Foundation share overhangs. The Foundation sold AVAX to AVAT at a 60% discount in exchange for 3 million shares of PubCo stock to be issued at closing. Dragonfly (the Seller) receives both Class A and Class B shares. There are also Sponsor Earnout Shares and Seller Earnout Shares. All of these holders have strong incentive to distribute or hedge — and lock-ups, while present, have early release conditions. That's a classic de-SPAC overhang.
The GIBO Comparison Is Worth Noting
The commenter flagging a reverse split risk isn't crazy. Market cap is around $42M, but at launch AVAT held roughly 15 million AVAX tokens — and AVAX itself is trading around $6.60, down 33% in a month. So the NAV of the treasury is deteriorating alongside the stock. If AVAX keeps falling,
2:30 PM

DD from poster on other board...

Financial Snapshot (Q1 2026)

Avalanche Treasury Corporation (the shell/PubCo) had essentially no operations — zero cash, $285K accumulated deficit, and $2.2M in deferred transaction costs.

Avalanche Treasury Company LLC (the operating entity) held roughly 13.8 million AVAX tokens (fair value ~$122.8M as of March 31) and 1.18 million stAVAX (~$10.2M). It reported a net loss of $26.8 million for Q1, driven largely by a $46.2M fair value decline in AVAX and a $5.1M stAVAX impairment, partially offset by a $24.8M favorable change in the token sale liability. Staking revenue was $2.1M net of fees.

Going Concern

Both entities flagged substantial doubt about their ability to continue as going concerns, contingent on completing the business combination and raising additional capital.

The Broader Transaction

The deal involves merging with the SPAC to take Avalanche Treasury public on Nasdaq, with Dragonfly Digital Management as the primary seller/sponsor.
12:00 PM
$AVAT 11:51 AM

Here's a summary of the key points from this SEC filing by Avalanche Treasury Corporation:

What This Filing Is
A proxy statement/prospectus supplement (No. 2) filed May 29, 2026, updating investors ahead of a business combination between Avalanche Treasury Company LLC (AVAT) and Mountain Lake Acquisition Corp. (a SPAC).

The New Loan (Main News)
AVAT signed a $25 million collateralized open loan with FalconX Charlie, Inc.:

Interest rate: 7% per annum
Collateral: ~5.6 million AVAX tokens (at a 200% initial collateral ratio)
Collateral held at Anchorage Digital Bank
Loan is "open" — either party can call/repay at any time with 3 business days' notice
Margin call triggers at 180% ratio; default threshold at 160%; excess collateral refund at 230%
Up to 75% of pledged AVAX may be staked, with a laddered weekly liquidity requirement
Proceeds intended to cover business combination closing costs
12:00 PM

Blockchain is rewriting how businesses operate.

https://www.avat.com/

What is the utility of the AVAX token? 🤝

AVAX is Avalanche’s native token and is central to the network’s security, economics, and governance. Its uses include:

Gas fees—Used to pay fees on transactions and contract execution across chains.
Staking & network security—Validators stake AVAX to participate in consensus and secure the network.
Governance—AVAX holders can vote on protocol upgrades, community proposals, and network parameters.
Fee burning & scarcity mechanics—A portion of transaction fees are burned, reducing supply and increasing scarcity.
Cross-chain resource allocation—AVAX is used as the base currency when interacting across custom chains built on Avalanche.

What is Avalanche (AVAX)? A complete guide

By Kraken Learn team
December 11, 2025
https://www.kraken.com/learn/what-is-avalanche-avax

*** List of Avalanche Blockchain Platform Customers

https://www.appsruntheworld.com/customers-database/products/view/avalanche-blockchain-platform


AI ....

What companies use Avalanche?
Companies using Avalanche Blockchain Platform for Blockchain Platform include: Citigroup, a United States based Banking and Financial Services organisation with 230000 employees and revenues of $81.09 billion, KKR, a United States based Banking and Financial Services organisation with 4834 employees and revenues of ...

Avalanche Foundation Post - The cash proceeds received by the Foundation will be strategically deployed to support ecosystem growth, including investments in RWAs, purchases of AVAX, and AVAX DAT shares.

The Avalanche Foundation remains committed to deploying its treasury to drive adoption and long-term sustainability.
11:26 PM · Oct 1, 2025
Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675M.…— Avalanche Foundation 🔺 (@AvalancheFDN) October 1, 2025

AVAT Avalanche Treasury Corp. -Closed $1.35
Ordinary Shares - Class A
$1.35 - (27.03%) Today
·Closed $1.35

AI - Rocky Nasdaq debut amid AVAX lows triggers 23% AVAT plunge

AVAT began trading on Nasdaq June 11-12 via $675M SPAC merger with Mountain Lake Acquisition

Stock opened ~$2.20-$3.00 before selling pressure drove it to close near $1.85
Movement aligns with AVAX at 5-year lows (~$6.60, down 95% from 2021 ATH)

Broader bear market pressures digital asset treasury/proxy stocks like AVAT

Company focuses on Avalanche ecosystem investments rather than passive AVAX holding

No company-specific negative news; reflects typical post-SPAC weakness in weak crypto sentiment

Maybe - there is 100 people that want 1 million shares

as a NASDAQ ticker listing as a treasury company investor census is a dud. If Ava Labs were to merge in ticker could see a spike. Maybe that is why most all spac shares where redeemed.

Avalanche in 2026 ......? Whats UP

Institutional adoption of blockchain infrastructure has moved from exploration into implementation. Over the past four years, organizations across six distinct industries have made independent decisions to build on blockchain infrastructure. These deployments operate within production environments at an institutional scale, under the compliance, governance, and reputational standards that shape critical infrastructure decisions.

The convergence is significant. When institutions as diverse as:

- A global securities processor handling $15 trillion in daily trading
- A sovereign sports federation with five billion followers
- A state government agency managing 42 million records
- One of the world's largest alternative asset managers

...arrive at the same infrastructure independently, it warrants analysis as a market signal rather than a coincidence

https://cdn.prod.website-files.com/6a0dca520dd7ffff809931f5/6a2aaf7ced349cee2a08aec3_Six%20Signals%20Institutional%20Blockchain%20Adoption.pdf

To learn more about blockchain infrastructure, how institutions are implementing it, and what it means for your portfolio,
visit avat.com or reach out to us directly at info@avat.com

https://cdn.prod.website-files.com/6a0dca520dd7ffff809931f5/6a2aaf7ced349cee2a08aec3_Six%20Signals%20Institutional%20Blockchain%20Adoption.pdf

SIGNAL 05 | REGULATED DIGITAL ASSETS SECURITIES

Digital Securities Platform Rebuilds on a New Foundation

The platform controlling 63% of Japan's tokenized securities market migrated its entire
infrastructure to Avalanche in 2026

https://cdn.prod.website-files.com/6a0dca520dd7ffff809931f5/6a2aaf7ced349cee2a08aec3_Six%20Signals%20Institutional%20Blockchain%20Adoption.pdf

SIGNAL 04 | GOVERNMENT INFRASTRUCTURE

Government Replaces Paper Records With a Digital Ledger

In 2024, California digitized 42 million vehicle titles onto a blockchain built on Avalanche, with
the goal of reducing a two-week transfer process to minutes.

https://cdn.prod.website-files.com/6a0dca520dd7ffff809931f5/6a2aaf7ced349cee2a08aec3_Six%20Signals%20Institutional%20Blockchain%20Adoption.pdf

SIX SIGNALS: INSTITUTIONAL BLOCKCHAIN ADOPTION IN PRACTICE

https://cdn.prod.website-files.com/6a0dca520dd7ffff809931f5/6a2aaf7ced349cee2a08aec3_Six%20Signals%20Institutional%20Blockchain%20Adoption.pdf

Not every blockchain will become the infrastructure layer for financial services. Avalanche has three core structural advantages that explain why the world's most demanding institutions keep choosing it.

https://www.avat.com/why-avalanche

ME- So there is a taxes on these trades ? We are going to pay the government Debts off. Hmmn Maybe.

Do you believe that blockchain is the next major infrastructure transition?
If the answer is yes, AVAT was built for you.

https://www.avat.com/avalanche-treasury-co-lists-on-nasdaq-with-differentiated-approach-to-ecosystem-investment

AVAT https://www.avat.com/avat-thesis

I dont know what it is.... Its a nano second !

AVAT -Today, AVAT began trading on @Nasdaq under the ticker AVAT.

Blockchain is the opportunity. @avax is the infrastructure. AVAT is the strategic exposure.

Today, AVAT began trading on @Nasdaq under the ticker AVAT.

Blockchain is the opportunity. @avax is the infrastructure. AVAT is the strategic exposure.

Read the release here: https://t.co/cLyzSMYbgg
Learn more here: https://t.co/v3tSWjNK9x pic.twitter.com/T9buKJ8sZY— AVAT (@avat_co) June 11, 2026

Investors UPSET - There is blood in the streets- for me - AVAT story remains untold

$AVAT given uncertainty around final redemptions it would probably need to drop below $1 for me to want to buy pre-Super 8-K.
Jun 12, 2026 3:33 PM

$AVAT Before the Avat+MLAC merger, it was in the $10 range. It opened at $7. Avat dropped so much that it's currently at $1.30. It's at rock bottom. Everyone is a victim. Is this what you call trade and investment? This is
pure fraud.Is this really a graphic? Slapping people around on the first day?
12:01 AM

$AVAT Avax dropped in blocks of 10 or 20 cents at a time, but when it rose, it didn't even increase by 1 or 2 cents. It's a complete scam. Avax has no credibility. It has victimized all its investors. If they were going to enter the market like this, they shouldn't have entered at all.😠
Jun 12, 2026 11:49 PM

$AVAT It would really be terrible if this falls below nasdaq minimums right from the start. It is an almost impossible hole to climb out of and almost always requires a rs. Why the hell did they push this in one of the worst times in alt history? It screams of fraud and I am not long or short a single dime.
Jun 12, 2026 7:21 PM

exposure to the “plumbing and infrastructure” of tokenization — ....... — should be viewed on a 5- to 15-year horizon, not a quick trade.

This is my reason for a BUY / HOLD rating

— once bonds, money-market funds, equities, structured products, real estate and private credit are included — could run into “hundreds of trillions of dollars” over the next decade, with capital gravitating toward whichever settlement rail wins institutional trust first.

For crypto investors, the message is twofold. First, the host believes exposure to the “plumbing and infrastructure” of tokenization — ....... — should be viewed on a 5- to 15-year horizon, not a quick trade.

For a market still debating whether tokenization is theoretical or hype, that’s a concrete data point that the rails are quietly being tested — and, in some corners, chosen.

Read more on DailyCoin: https://dailycoin.com/wall-street-tests-5-second-treasury-settlement-on-xrp/

It is a position in the infrastructure layer of a network that serious institutions are actively choosing to build on.


how AVAT OPERATES
https://www.avat.com/why-avalanche

https://www.avat.com/

Introducing Avalanche Treasury Co: the premiere way to get regulated AVAX exposure.

We’re the institutional growth engine for the @avax ecosystem, with an exclusive relationship with Avalanche itself.

Funding builders. Accelerating technologies. Bringing institutions to AVAX. pic.twitter.com/UST5jwCXjR— AVAT (@avat_co) October 1, 2025

Active Management: Rather than passively holding tokens, the capital is actively deployed into the ecosystem to fund validator operations, real-world asset (RWA) tokenization projects, and enterprise blockchain launches

.Corporate Leadership & Ties to Ava Labs While Ava Labs remains a distinct entity focused on core protocol engineering, major leaders from Ava Labs are deeply embedded in Avalanche Treasury Co.’s governance:

CEO Bart Smith: Former Wall Street veteran from Susquehanna International Group and Alliance Bernstein

.Strategic Advisor Emin Gün Sirer: Founder of Ava Labs and co-creator of the Avalanche protocol.

Board Member John Nahas: Chief Business Officer at Ava Labs.


AI Overview

https://www.avalanchecard.com/

Feb 26, 2025 / By Avalanche
https://www.avax.network/about/blog/avalanche-card-launches-broadening-everyday-crypto-use

Ava Labs Building Financial Rails: Simplex PoC

Stablecoins are moving from theory to financial-grade infrastructure. Tokyo-based Simplex partnered with Ava Labs to conduct a proof-of-concept demonstrating that Avalanche and AvaCloud can deliver the performance and availability required for commercial stablecoin use.

The results:

Throughput: above 1000 transactions per second.

Aug 27, 2025
https://www.avax.network/about/blog/where-tradition-meets-innovation-avalanches-growing-influence-in-japan

AI Overview - Japan tokenizes government bonds on Avalanche blockchain

https://www.linkedin.com/posts/justinkimcfa_just-in-japan-tokenizes-government-bonds-activity-7458310043206193153-7EZD

https://www.linkedin.com/posts/michaelrmanning_governments-moving-bonds-on-chain-is-a-big-activity-7460235154670854144-6PTb

Japan’s financial sector is aggressively advancing the tokenization of Japanese Government Bonds (JGBs) on the Avalanche blockchain to optimize institutional repo markets and collateral management.

The integration involves several high-profile initiatives:


The integration involves several high-profile initiatives:

Progmat & Institutional Backing: Japan's largest tokenized securities platform, Progmat (backed by MUFG), joined forces with BlackRock Japan, Mizuho, and over 40 financial institutions in a working group to tokenize JGBs on a dedicated Avalanche Layer-1 (L1) network

.Repo Market Efficiency: The overarching goal of this coalition is to streamline Japan's massive ~$1.6 trillion government bond repo market. The aim is to enable same-day repo settlements and provide 24/7 instant collateral transactions

.Multi-Token Platform Integration: Avalanche infrastructure is also being leveraged by payment giant TIS (which processes over $2 trillion annually) to build a Multi-Token Platform that supports tokenized deposits, stablecoins, and digital assets.

https://avat.com/

shareholders approved its Business Combination Agreement with Avalanche Treasury Company LLC

June 5, 2026
https://www.otcmarkets.com/filing/html?id=19518674&guid=AgW-kFGcMyktV3h

The Company will hold a separate extraordinary general meeting of its shareholders on June 4, 2026 to approve the Business Combination

https://www.otcmarkets.com/filing/html?id=19480205&guid=EdC-kHEYY7umdth

Stablecoins moving through Visa infrastructure on Avalanche. Every second.

Nice to see Avalanche on the @Visa onchain analytics dashboard!

Stablecoins moving through Visa infrastructure on Avalanche. Every second.

The most powerful technology chooses Avalanche 🔺 pic.twitter.com/94NycFE4Pt— napper 💤🔺 (@napper_) May 25, 2026

Avalanche is now the 10th largest stablecoin network

BREAKING: Avalanche is now the 10th largest stablecoin network

AVAX stablecoin supply jumped 16.35% in the past week to $1.66B, with BlackRock’s BUIDL among the largest assets on the network. pic.twitter.com/a7gjNwEQtu— MSB Intel (@MSBIntel) May 26, 2026