Mountain Lake Acquisition Sponsor LLC - 12 Dec 2024 Form 4 Insider Report for Mountain Lake Acquisition Corp. (MLAC)

Role
10%+ Owner
Signature
Signed by director of Mountain Lake Acquisition Sponsor LLC /s/ Douglas Horlick
Issuer symbol
MLAC
Transactions as of
12 Dec 2024
Net transactions value
$0
Form type
4
Filing time
16 Dec 2024, 20:19:30 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLAC Class A Ordinary Share, par value $0.0001 per share Purchase +495,000 495,000 16 Dec 2024 Direct F1

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
transaction MLAC Class B ordinary shares, par value $0.0001 per share Award +359,375 +5% 7,546,875 12 Dec 2024 Class A ordinary shares 359,375 Direct F2, F3
transaction MLAC Class B ordinary shares, par value $0.0001 per share Disposed to Issuer -359,375 -4.8% 7,187,500 16 Dec 2024 Class A ordinary shares 359,375 Direct F2, F4
transaction MLAC Rights to receive Class A Ordinary Shares Purchase +495,000 495,000 16 Dec 2024 Class A Ordinary Share, par value $0.0001 per share 495,000 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the 495,000 private units owned by Mountain Lake Acquisition Sponsor LLC, the sponsor (the "Sponsor") of Mountain Lake Acquisition Corp. (the "Issuer"). The private units consist of Class A ordinary shares and rights. The private units were purchased at $10.00 per unit for an aggregate purchase price of $4,950,000.
F2 As described in the registration statement on Form S-1 (File No. 333-281410) of 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.
F3 Reflects the issuance of bonus shares on December 12, 2024 in connection with the upsize of the Issuer's initial public offering.
F4 Reflects the forfeiture of shares because the Issuer's over-allotment option was only partially exercised by the underwriters.
F5 The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination.