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MLAC

Mountain Lake Acquisition Corp.

MLAC

Mountain Lake Acquisition Corp. • NASDAQ
$10.37 ▲ 0.00% (+0.00)
Market Cap $321.39 M
52w High $10.69
52w Low $9.94
Dividend Yield 0%
P/E -61
Volume 57
Outstanding Shares 30.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $394.195K ▲ $2.133M ▼ 0% $0.07 ▼ $0 ▲
Q2-2025 $0 $195.572K ▼ $2.196M ▲ 0% $0.071 ▲ $-195.572K ▲
Q1-2025 $0 $320.783K ▲ $2.019M ▲ 0% $0.065 ▲ $-321K ▼
Q4-2024 $0 $5.978K ▼ $487.875K ▲ 0% $0.016 ▲ $-5.978K ▲
Q3-2024 $0 $44.758K $-44.758K 0% $-0.002 $-44.758K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $239.748M ▲ $239.861M ▲ $8.349M ▲ $-7.391M ▼
Q2-2025 $1.161M ▼ $237.676M ▲ $8.298M ▲ $229.379M ▲
Q1-2025 $1.221M ▼ $235.375M ▲ $8.193M ▲ $227.182M ▲
Q4-2024 $1.383M ▲ $233.231M ▲ $8.067M ▲ $225.164M ▲
Q3-2024 $0 $293.442K $313.2K $-19.758K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.133M ▼ $-315.053K ▼ $231.15M ▲ $-232.693M ▼ $-315.053K ▼ $-315.05K ▼
Q2-2025 $3.727M ▲ $-62.662K ▲ $0 ▲ $0 ▼ $-222.509K ▼ $-62.662K ▲
Q4-2024 $487.875K ▲ $-159.847K ▼ $-231.15M ▼ $232.693M ▲ $1.383M ▲ $-159.847K ▼
Q3-2024 $-44.758K ▼ $0 $0 $0 $0 $0
Q2-2024 $-18.953K $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Today, MLAC is essentially a blank‑check company with no real operating revenue. The small profits or losses you see are mostly from financial items, not from running a business. That will completely change if and when the merger with Avalanche Treasury Co. closes. At that point, performance will depend on how well the team manages a large pool of Avalanche‑related digital assets—so future income will likely be volatile and closely tied to crypto market cycles rather than a stable, recurring business model.

Balance Sheet

Balance Sheet Right now, MLAC’s balance sheet is simple and small, reflecting its status as a SPAC with limited assets and no debt. After the business combination, the balance sheet is expected to expand sharply, with a large share made up of AVAX tokens and related investments. That brings two major features: high concentration in a single blockchain ecosystem and sensitivity to token prices. On the positive side, there is little traditional leverage; on the risk side, asset values could swing widely with the crypto market and regulatory developments.

Cash Flow

Cash Flow Current cash flows are minimal and mostly relate to SPAC administration rather than business operations. Following the merger, cash generation will come from how effectively Avalanche Treasury Co. can earn yields on its digital asset holdings—through staking, validating, and ecosystem investments—versus the operating and compliance costs of running a listed company. Cash flows could be lumpy and highly market‑dependent, with periods of strong inflows during favorable crypto conditions and much weaker or even negative flows during downturns.

Competitive Edge

Competitive Edge The planned merger would give the combined company a distinctive niche: a regulated, exchange‑listed vehicle offering actively managed exposure to the Avalanche ecosystem. Its main edge comes from a tight relationship with the Avalanche Foundation, including preferential access to AVAX token sales and ecosystem deals, plus backing from well‑known crypto investors and experienced leadership. However, it will compete against simpler options like directly holding AVAX, as well as other funds, exchanges, and blockchain‑specific vehicles. Its fortunes will be highly tied to Avalanche’s success versus other major blockchains, making ecosystem competition a central risk.

Innovation and R&D

Innovation and R&D This is not a traditional research‑heavy technology company; its innovation is in financial structure and ecosystem design. The model focuses on actively deploying capital into Avalanche‑based projects, helping enterprises build on‑chain infrastructure, and running validator and liquidity operations to support the network. Over time, the team may experiment with more advanced strategies, such as options and equity investments in Avalanche‑built applications. The real ‘R&D’ here is strategic: testing new ways to monetize and support a single blockchain ecosystem while staying compliant as a public company.

Summary

MLAC is in transition from a cash shell to a specialized digital‑asset treasury platform, assuming the Avalanche Treasury Co. deal closes. Historical figures mostly reflect a dormant SPAC, not an operating business. The future story is about concentrated exposure to one blockchain ecosystem, the ability of management to deploy a sizable digital treasury intelligently, and the broader regulatory and market environment for crypto. If the merger proceeds, results could be meaningful but also very volatile, with performance closely linked to the health and adoption of the Avalanche network rather than to traditional, steady operating cash flows. Uncertainty is high, and the key milestones to watch are deal completion, initial capital deployment, and how quickly the Avalanche ecosystem itself grows or stalls.

NEWS

October 1, 2025 · 7:00 PM UTC

Avalanche Treasury Co. Announces $675 Million+ Business Combination with Mountain Lake Acquisition Corp. with Goal to Build $1 Billion+ Ecosystem Treasury

Read more