TechFlow news, October 2 — According to Businesswire, Avalanche Treasury Co. (AVAT) announced a business combination with Nasdaq SPAC Mountain Lake Acquisition Corp. (MLAC) valued at over $675 million, including approximately $460 million in treasury assets. The combined company is expected to list on Nasdaq in the first quarter of 2026.
AVAT has acquired $200 million worth of AVAX at a discount and holds a priority purchase right for the next 18 months, aiming to hold over $1 billion in AVAX by the time of listing. Investors' entry point is at 0.77 times mNAV, equivalent to a 23% discount.
Add to Favorites
Share to Social Media
