Mountain Lake Acquisition Corp. Announces Closing of $230 Million Initial Public Offering, Including Partial Exercise of Underwriters' Over-Allotment Option

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Mountain Lake Acquisition Corp. Announces Closing of $230 Million Initial Public Offering, Including Partial Exercise of Underwriters' Over-Allotment Option - Benzinga

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NEVADA, Dec.16, 2024 (GLOBE NEWSWIRE) -- Mountain Lake Acquisition Corp.(the "Company") announced today the closing of its initial public offering of 23,000,000 units, which includes 2,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full.

Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "MLAC" and "MLACR," respectively.The Company is ...

A right holder must hold ten rights to receive one Class A ordinary share at the closing of the initial business combination.