Mountain Lake Acquisition II (MLAA) said late Monday that it has priced an upsized initial public offering of 31.3 million units at $10 each.

Each unit consists of one share and one-half of a redeemable warrant that entitles the holder to acquire a share at $11.50 per share, the blank-check company said.

The units are expected to begin trading Tuesday on Nasdaq under the ticker symbol" MLAAU," and the offering is expected to close Wednesday, the company said.

Once they begin trading separately, the shares and warrants will trade under the symbols "MLAA" and "MLAAW," respectively, the company said.

The company also said it has granted the underwriter a 45-day option to purchase up to 4.7 million units at the initial public offering price to cover over-allotments.