{"url_path":"/sec/mlacu/8-k/2026-06-05/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 Submission of Matters to a Vote of","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-05","source_url":"https://www.sec.gov/Archives/edgar/data/2029492/0001213900-26-065849-index.html","accession_number":"0001213900-26-065849","cik":"0002029492","ticker":"MLAC","issuer_name":"Mountain Lake Acquisition Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2029492/0001213900-26-065849-index.html","primary_entity_key":"0002029492","primary_entity_name":"Mountain Lake Acquisition Corp."},"word_count":1325,"has_tables":true,"body_markdown":"**Item 5.07 Submission of Matters to a Vote of\nSecurity Holders**\n\n \n\nOn June 4, 2026, Mountain Lake Acquisition Corp.,\na Cayman Islands exempted company (“MLAC”), held an extraordinary general meeting in lieu of an annual general meeting of\nits shareholders (the “Meeting”), at which the following proposals were submitted to a vote of MLAC shareholders. The proposals\nlisted below are described in more detail in MLAC’s definitive proxy statement filed with the Securities and Exchange Commission\n(the “SEC”) on May 14, 2026, as supplemented (the “Definitive Proxy Statement”). Capitalized terms used but not\notherwise defined herein shall have the meanings ascribed to them in the Definitive Proxy Statement, as applicable.\n\n \n\nOnly MLAC shareholders of record as of the close\nof business on April 15, 2026, the record date for the Meeting, were entitled to vote at the Meeting. As of the record date, 30,992,500\nMLAC ordinary shares were issued and outstanding, consisting of 23,805,000 MLAC Class A Ordinary Shares (as defined below) and 7,187,500\nClass B ordinary shares, par value $0.0001 per share, of MLAC (the “MLAC Class B Ordinary Shares”). The final voting results\nfor each matter submitted to a vote of MLAC shareholders at the Meeting are as follows:\n\n \n\n**Proposal 1 - The Business Combination Proposal**- To approve and adopt, by an ordinary resolution, the Business Combination Agreement (as amended, restated or otherwise modified\nfrom time to time, the “Business Combination Agreement”), dated as of October 1, 2025, by and among MLAC, Avalanche Treasury\nCorporation, a Delaware corporation (“Pubco”), Avalanche SPAC Merger Sub LLC, a Delaware limited liability company (“MLAC\nMerger Sub”), Avalanche Company Merger Sub LLC, a Delaware limited liability company (“Company Merger Sub”, and together\nwith MLAC Merger Sub, the “Pubco Subsidiaries”), Avalanche Treasury Company LLC, a Delaware limited liability company (the\n“Company”), Dragonfly Digital Management, LLC, a Delaware limited liability company (“Seller”), Dragonfly Ventures\nL.P., a Cayman Islands exempted limited partnership (“DV”), Dragonfly Ventures II L.P., a Cayman Islands exempted limited\npartnership (“DVII” and together with DV, “DVs” and DVs together with Seller, the “Seller Related Parties”)\nand Astral Horizon L.P., a Delaware limited partnership (“Astral”), pursuant to which, and subject to the terms and conditions\nset forth therein, upon the consummation of the transactions contemplated thereby (the “Closing” and the date and time at\nwhich the Closing is actually held, the “Closing Date”), (a) prior to the Closing, MLAC will effect a domestication under\nSection 388 of the DGCL and Section 206 of the Cayman Islands Companies Act (As Revised) (the “Cayman Act”) (the “Domestication”),\npursuant to which MLAC will transfer by way of continuation to and become a Delaware corporation, (b) at least two hours after the Domestication,\nMLAC Merger Sub will merge with and into MLAC in accordance with the applicable provisions of the General Corporation Law of the State\nof Delaware (the “DGCL”) and the Limited Liability Company Act of the State of Delaware (the “DLLCA”), with MLAC\ncontinuing as the surviving company and a wholly-owned subsidiary of Pubco (the “MLAC Merger”), and with MLAC shareholders\nreceiving one share of non-voting Class A common stock, par value $0.01 per share, of Pubco (“Pubco Class A Stock”) for each\nClass A ordinary share, par value $0.0001 per share, of MLAC (the “MLAC Class A Ordinary Shares”) held by such shareholder,\nand with each holder of MLAC Rights (as defined herein) receiving one share of Pubco Class A Stock in exchange for every ten (10) MLAC\nRights held by such holder and (c) Company Merger Sub will merge with and into the Company in accordance with the applicable provisions\nof the DLLCA, with the Company continuing as the surviving company (the “Company Merger” and, together with the MLAC Merger,\nthe “Mergers” and, together with the other transactions contemplated by the Business Combination Agreement, including the\nFoundation Transaction, the Dragonfly Contribution and the Company Unit Subscription, in each case as defined herein, the “Business\nCombination”), and with (i) each Company Member other than Seller receiving one share of Pubco Class A Stock for each Company Unit\n(as defined herein) held immediately prior to the effective time of the Company Merger and (ii) Seller receiving one share of Pubco Class\nA Stock and one share of Pubco Class B common stock, par value $0.01 per share (“Pubco Class B Stock” and, together with the\nPubco Class A Stock, the “Pubco Stock”) for each Company Unit it holds.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,081,231\n \n400,898\n \n4,598\n\n** **\n\n****\n\n1\n\n \n\n** **\n\n**Proposal 2 - The Merger Proposal** - To approve\nand authorize, by a special resolution, the MLAC Merger.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,081,231\n \n400,898\n \n4,598\n\n \n\n**Proposal 3 - The Domestication and Organizational\nDocuments Proposals** - To approve, on a non-binding advisory basis, separate proposals as ordinary resolutions to approve the transfer\nof the registration of MLAC by way of continuation from the Cayman Islands to the State of Delaware and the material differences between\nthe amended and restated memorandum and articles of association of MLAC and the first amended and restated certificate of incorporation\nof Pubco and Pubco’s first amended and restated bylaws.\n\n \n\n**Proposal A**\n\n** **\n\nThe registration of MLAC will be transferred by\nway of continuation from the Cayman Islands to the State of Delaware.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,081,231\n \n400,898\n \n4,598\n\n \n\n**Proposal B**\n\n** **\n\nThe authorized capital stock of Pubco will consist\nof 550,000,000 Pubco Class A Stock, 100,000,000 Pubco Class B Stock and 50,000,000 shares of preferred stock.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n26,101,231\n \n1,380,898\n \n4,598\n\n \n\n**Proposal C**\n\n** **\n\nThe size and composition of the board of directors\nwill be changed to consist of one (1) or more members, each of whom shall be a natural person.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,080,981\n \n401,148\n \n401,148\n\n** **\n\n**Proposal D**\n\n** **\n\nThe first amended and restated certificate of\nincorporation of Pubco and Pubco’s first amended and restated bylaws will provide for an unclassified Pubco Board.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,482,129\n \n0\n \n4,598\n\n \n\n2\n\n \n\n \n\n**Proposal E**\n\n** **\n\nThe first amended and restated certificate of\nincorporation of Pubco and Pubco’s first amended and restated bylaws will not include provisions related to Pubco’s status\nas a blank check company because Pubco is not a blank check company.\n\n \n\n**FOR**\n \n**Against**\n \n**Abstain**\n\n27,081,231\n \n400,898\n \n4,598\n\n \n\n**Proposal 4 - The Nasdaq Proposal** - To approve,\nby an ordinary resolution, for the purposes of complying with the applicable provisions of Nasdaq Rule 5635, (i) the issuance of shares\nof Pubco Stock in connection with the Business Combination, (ii) the issuance of shares of Pubco Stock in connection with the Company\nUnit Subscription, (iii) the issuance of shares of Pubco Stock in connection with the Dragonfly Contribution, (iv) the issuance of shares\nof Pubco Stock in connection with the Foundation Transaction, (v) the issuance of MLAC Class A Ordinary Shares in repayment of\nMLAC working capital loans from the Sponsor, and (vi) the reservation for issuance of shares of Pubco Stock that will, upon Closing, be\nreserved pursuant to the Pubco 2026 Omnibus Incentive Plan, to the extent such issuances would require shareholder approval under Nasdaq\nRule 5635.\n\n \n\n**For**\n \n**Against**\n \n**Abstain**\n\n27,081,231\n \n400,898\n \n4,598\n\n \n\n**Proposal 5 - The Director Election Proposal**\n*-*To approve, two (2) directors be elected to the MLAC’s board of directors to serve until MLAC’s third annual general\nmeeting of shareholders or their earlier death, resignation or removal (including if they are replaced at the consummation of the Business\nCombination).\n\n \n\nJeffrey T. Lager\n\nMichael Marquez\n\n \n\n**For All**\n \n**Withhold All**\n \n**For all Except**\n\n26,501,879\n \n984,848\n \n0\n\n \n\nAs there were sufficient votes at the time of\nthe Meeting to approve each of the above proposals, the “Adjournment Proposal” described in the Definitive Proxy Statement\nwas not presented to MLAC shareholders.\n\n \n\nIn connection with the Meeting, MLAC shareholders\nexercised their rights to redeem an aggregate of 22,846,470 ordinary shares for a pro rata portion of the funds in the trust account\nof MLAC (the “Trust Account”). As a result, approximately $243,227,457.91 (approximately $10.65 per share) will be removed\nfrom the Trust Account to pay such shareholders. Following such redemptions, MLAC will have 153,830 Public Shares outstanding."}