{"url_path":"/sec/mlac/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2029492/0001213900-26-057775-index.html","accession_number":"0001213900-26-057775","cik":"0002029492","ticker":"MLAC","issuer_name":"Mountain Lake Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2029492/0001213900-26-057775-index.html","primary_entity_key":"0002029492","primary_entity_name":"Mountain Lake Acquisition Corp."},"word_count":602,"has_tables":true,"body_markdown":"Item 1A. Risk Factors\n\n \n\nFactors that could cause our actual results to\ndiffer materially from those in this report include the risk factors described in our Annual Report on Form 10-K with the SEC. As of\nthe date of this Report, there have been no material changes to the risk factors disclosed in our Annual Report on Form 10-K filed with\nthe SEC, except as set forth below:\n\n \n\n*The Proposed Business Combination may not\nbe completed on the terms or timeline currently contemplated, or at all.*\n\n* *\n\nThe consummation of the Proposed Business Combination\nis subject to numerous conditions, including the effectiveness of the registration statement to be filed by us as part of the Proposed\nBusiness Combination, and other customary closing conditions, and there can be no assurance that the Proposed Business Combination will\nbe consummated.\n\n \n\nIf the Proposed Business Combination is not completed\nfor any reason, the price of our Class A ordinary shares may decline to the extent that the market price of our Class A ordinary shares\nreflects or previously reflected positive market assumptions that the Proposed Business Combination would be completed and the related\nbenefits would be realized. In addition, we have expended and will continue to expend significant management time and resources and have\nincurred and will continue to incur significant expenses due to legal, advisory, printing, and financial services fees related to the\nProposed Business Combination. These expenses must be paid regardless of whether the Proposed Business Combination is consummated.\n\n \n\nIf the Proposed Business Combination is not completed\nfor any reason, our ongoing business and financial results may be adversely affected and, without realizing any of the benefits of having\ncompleted the Proposed Business Combination, we will be subject to a number of risks, including the following:\n\n \n\n \n●\nwe\nwill be required to pay costs relating to the Proposed Business Combination, which are substantial, such as legal, accounting, financial\nadvisory, and printing fees, whether or not the Proposed Business Combination is completed;\n\n \n\n \n●\ntime\nand resources committed by our management to matters relating to the Proposed Business Combination could otherwise have been devoted\nto pursuing other beneficial opportunities; and\n\n \n\n \n●\nwe\nmay experience negative reactions from financial markets, including negative impacts on the price of our Class A ordinary shares,\nincluding to the extent that the current market price reflects a market assumption that the Proposed Business Combination will be\ncompleted.\n\n \n\n*During the pendency of the Business Combination\nAgreement, we may not be able to enter into a business combination with another party at a favorable price because of restrictions in\nthe Business Combination Agreement, which could adversely affect our business.*\n\n \n\nCovenants in the Business Combination Agreement\nimpede our ability to make acquisitions, subject to specified exceptions relating to fiduciary duties, or complete other mergers, sales\nof assets, or other business combinations pending completion of the Proposed Business Combination. As a result, if the Proposed Business\nCombination is not completed, we may be at a disadvantage to our competitors during that period. In addition, while the Business Combination\nAgreement is in effect, we are generally prohibited from soliciting, initiating, encouraging, or entering into specified extraordinary\ntransactions, such as a merger, sale of assets, or other business combination, with any third party, subject to specified exceptions,\neven if any such transaction could be more favorable to our stockholders than the Proposed Business Combination. If the Proposed Business\nCombination is not completed, these provisions will make it more difficult to complete an alternative business combination following\nthe termination of the Business Combination Agreement due to the passage of time during which these provisions have remained in effect.\n\n \n\n20"}