Mountain Lake Acquisition Corp. ("SPAC") has announced the execution of a Second Amendment to its Business Combination Agreement with Avalanche Treasury Corporation ("Pubco") and related entities. This amendment, effective as of October 1, 2025, modifies the timing of share issuance to Astral Horizon, L.P., a key stakeholder in the transaction. Originally, Pubco was required to issue 2,000,000 shares of Class A Stock to Astral on the Company Merger Effective Date. However, the Second Amendment postpones this issuance by thirty days, now scheduled for the thirtieth calendar day following the Closing Date. This change is part of a broader strategy to ensure that the business combination aligns with the interests of all parties involved, including the Seller Related Parties and the Company. The amendment is expected to facilitate a smoother transition and execution of the business combination, which aims to enhance the operational capabilities and market presence of the combined entity. The transaction is still subject to shareholder approval and regulatory review, with further details to be provided in the upcoming proxy statement and prospectus. Investors are encouraged to review the full text of the amendment and related documents filed with the SEC for comprehensive insights into the implications of these changes.

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