Mountain Lake Acquisition Corp. has disclosed an update to its previously announced transaction with Avalanche Treasury Company LLC and Dragonfly Digital Management, LLC. According to a recent filing, the parties entered into a First Amendment to the Business Combination Agreement. The amendment adds Astral Horizon, L.P., Dragonfly Ventures L.P., and Dragonfly Ventures II L.P. as parties to the agreement, ensuring they are bound by its terms. Under the revised terms, additional consideration at closing will be issued to Astral in the form of 4,000,000 shares of Pubco Class A Stock, with no Class B Stock allotted as additional consideration. The amendment also adjusts the allocation of representations and warranties, specifying they will now be made severally by the Seller Related Parties and Astral, rather than solely by the original seller. Additionally, company units held by Dragonfly Ventures entities will be treated the same as those held by the seller, entitling them to receive both Pubco Class A and Class B Stock for each unit held.

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