Mountain Lake Acquisition Corp. (MLACR) stock rights rocketed higher on Thursday after the special purpose acquisition company (SPAC) announced a merger agreement with digital asset treasury company Avalanche Treasury Co. This merger agreement is valued at over $675 million and will include $460 million in treasury assets. The combined company is expected to list on the Nasdaq Exchange in Q1 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Avalanche Treasury Co. has a direct relationship with the Avalanche Foundation, the organization behind the Avalanche (AVAX-USD) token. This agreement includes a 23% discount on token purchases compared to those made directly or through exchange-traded funds (ETFs).
Bart Smith, CEO of Avalanche Treasury Co., said, “Many institutions have difficulty accessing digital assets or are limited to holding native tokens without yield or ecosystem integration. We created Avalanche Treasury Co. to offer something we believe will be more valuable than passive exposure.”
Mountain Lake Acquisition Corp. Stock Movement Today
Mountain Lake Acquisition Corp. stock rights were up 333.01% in pre-market trading on Thursday. However, shares of Mountain Lake Acquisition Corp.’s (MLAC) Class A stock were only up 1.46% this morning. The shares have rallied 3.66% year-to-date and over the past 12 months.
Considering that Mountain Lake Acquisition Corp. is a SPAC, investors will want to be careful about taking a stake in it. SPACs often see wild movement, including during merger announcements. However, these gains can quickly disappear in the months following the completed merger.
Investors will also note that digital asset treasury companies have become a trend recently. This has attracted the attention of retail traders looking to pump and dump shares. That’s another thing potential investors will want to keep in mind before buying MLAC stock.
