Mountain Lake Acquisition Corp. (MLACU) Prices Upsized $210M IPO

Mountain Lake Acquisition Corp. (NASDAQ:MLACU) announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MLACU”, Friday, December 13, 2024.

The new SPAC intends to combine with an established business of scale with a highly regarded management team without an initial focus on a particular sector or geography.

Mountain Lake’s sponsor team is led by Chief Executive Officer and Chairman Paul Grinberg and Chief Financial Officer, President and Director Douglas Horlick. Jeffrey T. Lager, Michael Marquez and Jaime W. Vieser will serve on its Board of Directors.

Total SPAC deal count for 2024 year-to-date is now 54. This offering is expected to close on Monday, December 16, 2024.

BTIG, LLC is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Transfer & Trust Company is acting as trustee.