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MLACR

Mountain Lake Acquisition Corp.

MLACR

Mountain Lake Acquisition Corp. • NASDAQ
$0.39 ▲ 6.19% (+0.02)
Market Cap $11.13 M
52w High $0.39
52w Low $0.38
Dividend Yield 0%
P/E 0
Volume 900
Outstanding Shares 28.33M

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 MLACR is essentially a blank-check company, so its income statement is not that of a normal operating business. It has no real revenue and only small gains or losses, likely from interest income and SPAC-related accounting items. Any past profit per share is more about how the SPAC structure and trust account are booked than about business performance. The meaningful income story will only start if and when the merger with Avalanche Treasury Co. closes and the combined entity begins actively managing digital assets and earning fee or investment income.

Balance Sheet

Balance Sheet The balance sheet is very simple and light, which is typical for a SPAC. Assets are small and mostly financial in nature, with no real operating assets like property, technology, or inventory. There is no reported debt and equity currently funds the vehicle, which keeps financial risk low at this stage. Overall, the balance sheet looks clean but also reflects that MLACR has not yet become a full operating company—its real balance-sheet transformation will come after the merger, when digital assets and treasury holdings are added.

Cash Flow

Cash Flow Reported cash flow is minimal and not yet useful for understanding ongoing operations. As a SPAC, cash movements are mainly related to IPO proceeds, trust structures, and deal expenses rather than to a running business model. There is no visible spending on growth, technology, or operations so far. Going forward, the key cash-flow question will be how effectively the combined entity raises capital, deploys funds into AVAX and ecosystem projects, and manages volatility and liquidity in digital assets.

Competitive Edge

Competitive Edge Today, MLACR’s competitive position is mostly about its pending deal rather than its own operations. Post-merger, the combined company would be positioned as a specialized, publicly listed vehicle for exposure to the Avalanche ecosystem, with an exclusive-style relationship with the Avalanche Foundation. That relationship—priority access to tokens, discounted purchases, and close ecosystem alignment—could create a meaningful edge versus generic crypto funds or broad-market ETFs. However, the strategy is highly concentrated in one blockchain ecosystem, faces heavy competition from other crypto investment products, and depends on both Avalanche’s long-term success and a still-evolving regulatory environment.

Innovation and R&D

Innovation and R&D The innovation story here is less about traditional R&D spending and more about financial and technical design. The plan is to build an actively managed digital asset treasury focused on Avalanche, rather than a passive holding vehicle. That includes a purpose-built operating system to meet institutional standards, active investments into Avalanche-based projects, and infrastructure support such as validators and liquidity. If delivered, this could help bridge traditional finance with decentralized finance in a more structured, compliant way. The key risk is execution: much of this vision is still prospective, and it must prove it can manage technology, security, and risk at institutional scale while the crypto landscape continues to shift.

Summary

MLACR today is a pre-revenue SPAC with a very simple, low-risk balance sheet and almost no operating activity—its historical financials mainly reflect the mechanics of the SPAC structure, not a running business. The core story is forward-looking: a planned merger that would turn it into Avalanche Treasury Co., a focused digital asset treasury tied closely to the Avalanche (AVAX) ecosystem. Potential strengths include a unique relationship with the Avalanche Foundation, a more active approach to ecosystem building, and a structure designed for institutional participation. Key uncertainties include whether the merger closes as planned, how effectively the new entity can execute its strategy, the future performance of Avalanche and AVAX, and how regulation and crypto-market volatility evolve. At this stage, MLACR is best viewed as a transition vehicle whose real business profile will only become clear once the combination is complete and post-merger financials begin to appear.