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Avalanche Treasury Co. Announces $675 Million+ Business Combination with Mountain Lake Acquisition Corp. with Goal to Build $1 Billion+ Ecosystem Treasury

1. Mountain Lake Acquisition Corp. will merge with Avalanche Treasury Co. in a $675 million deal. 2. The transaction includes $460 million in treasury assets related to AVAX exposure.

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$10.32510/01 07:21 PM EDTEvent Start
$10.32510/02 12:08 AM EDTLatest Updated
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FAQ

Why Bullish?

The merger valuation at $675 million and inclusion of significant treasury assets suggest enhanced growth potential. Historical instances show similar mergers in the digital asset space often lead to favorable market performances.

How important is it?

The substantial valuation and strategic assets involved make this merger critical to understanding MLAC's price direction.

Why Long Term?

The integration of AVAT’s treasury assets positions MLAC for sustained growth, indicating a promising future. Previous mergers in the blockchain sector typically show a longer-term positive trajectory.

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AVAXCOINGBTC
NEW YORK--(BUSINESS WIRE)--Avalanche Treasury Co. (AVAT), an ecosystem-aligned digital asset treasury company with an exclusive relationship with the Avalanche Foundation, today announced a definitive business combination agreement with Mountain Lake Acquisition Corp. (Nasdaq: MLAC) valued at over $675 million. The transaction includes approximately $460 million in treasury assets and is designed to create a leading public vehicle for AVAX exposure. The combined company expects to list on Nasda.

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