Avalanche Treasury Firm Launches $675M Merger

Avalanche Treasury Co. to Merge with Mountain Lake for AVAX Exposure

• Avalanche Treasury Co. (AVAT) will merge with Mountain Lake Acquisition Corp. (MLAC) in a deal valued at over $675 million.
• The merger aims to create a public vehicle for AVAX exposure, debuting on Nasdaq in Q1 2026.
• Post-merger, AVAT plans to accumulate more than $1 billion in AVAX assets.
• The transaction includes approximately $460 million in treasury assets after private placement financing.
• Investors gain access at a 0.77x NAV multiple, offering a 23% discount compared to direct AVAX or ETF alternatives.
• Major investors include Dragonfly, ParaFi Capital, VanEck, FalconX, and others.

The merger between Avalanche Treasury Co. and Mountain Lake Acquisition Corp., valued at over $675 million, seeks to establish a leading public vehicle for AVAX exposure by Q1 2026. The combined entity plans to amass over $1 billion in AVAX assets post-public debut.