Mountain Lake Acquisition Corp II
Mountain Lake Acquisition Corp. II (NASDAQ: MLAA) is a blank-check special purpose acquisition company (SPAC) formed to identify and complete a merger or acquisition with one or more target businesses. The company does not generate operating revenue. It holds capital raised through its IPO in a Trust Account until a qualifying Business Combination is completed or funds are returned to shareholders. MLAA completed its IPO on January 28, 2026, selling 36,000,000 Public Units at $10.00 per unit, generating gross proceeds of $360,000,000. Each Public Unit consists of one Class A Ordinary Share and one-half of one Public Warrant, with each whole warrant exercisable at $11.50 per share. Simultaneously, MLAA raised $9,800,000 through a private placement of 980,000 Private Placement Units to its Sponsor (510,000 units) and BTIG (470,000 units). Total proceeds of $360,000,000 were deposited into a Trust Account as of January 28, 2026. CEO and Chairman Paul Grinberg has led the company since October 2025.
Products & Services
Public Units (each consisting of one Class A Ordinary Share and one-half of one Public Warrant); Private Placement Units issued to Sponsor and BTIG; Public Warrants exercisable at $11.50 per Class A Ordinary Share; Founder Shares (Class B Ordinary Shares held by Sponsor and management).
Revenue Model
MLAA generates no operating revenue. Capital is held in a Trust Account and earns interest until a Business Combination is completed. The economic model for the sponsor relies on Founder Shares and Private Placement Units acquired at nominal cost, which carry value upon a successful Business Combination.
Customers & Markets
Public shareholders who purchased units in the January 28, 2026 IPO. The end market is the acquisition target, which has not been identified as of the 10-K filed March 20, 2026. Target criteria include businesses with sustainable competitive advantages, stable free cash flow, and attractive macro characteristics.
Geographic Exposure
Incorporated as a Cayman Islands entity. The filing references risks relating to acquiring or operating businesses in foreign countries, but no specific target geography has been identified as of the 10-K filed March 20, 2026.
Source: SEC 10-K, filed 2026-03-20
Financial Snapshot
Loading...
