Douglas Horlick - Dec 12, 2024 Form 3 Insider Report for Mountain Lake Acquisition Corp. (MLAC)

Role
CFO and President, Director, 10%+ Owner
Signature
/s/ Douglas Horlick
Stock symbol
MLAC
Transactions as of
Dec 12, 2024
Transactions value $
$0
Form type
3
Date filed
12/12/2024, 07:38 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MLAC Class B ordinary shares Dec 12, 2024 Class A ordinary shares 1.3M See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registration statement on Form S-1 (File No. 333-281410) of Mountain Lake Acquisition Corp. (the "Issuer") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments.
F2 Represents shares owned by Mountain Lake Acquisition Sponsor LLC (the "Sponsor") in which the reporting person has a pecuniary interest.
F3 There are two managing member of the Sponsor, Paul Grinberg and Douglas Horlick. Messrs. Grinberg and Horlick hold voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Messrs. Grinberg and Horlick may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Horlick disclaims any beneficial ownership except to the extent of his pecuniary interest therein.