Mountain Lake Acquisition delays 2 million-share issuance to Astral by 30 days in Avalanche Treasury deal

Reuters
Mar 18
Mountain Lake Acquisition delays 2 million-share issuance to Astral by 30 days in Avalanche Treasury deal

Mountain Lake Acquisition entered into an amended business combination agreement with Avalanche Treasury, its merger subsidiaries, Avalanche Treasury Company, and Dragonfly Digital Management. The latest amendment delays the issuance of 2 million post-closing shares to Astral Horizon by 30 calendar days, shifting delivery to the 30th day after the closing date rather than on the company merger effective date. The overall additional merger consideration for Astral Horizon remains 4 million shares, including 2 million earnout shares held in escrow subject to vesting conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mountain Lake Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-029238), on March 17, 2026, and is solely responsible for the information contained therein.

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