Mountain Lake Acquisition Corp. (MLAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 87.15% of current shares
Recent Dilution: 231.2% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
24M
Potential Supply
21M
Additional shares possible
Splits
None
Past 2 years

Summary

MLAC currently has 23.8M outstanding shares. with significant dilution risk as 20.7M authorized shares could dilute existing holders by 87.1%. The company has significantly diluted shareholders by 231.2% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 23.8M shares outstanding

24M 21M
Jan 13, 2026

8-K filing: Mountain Lake Acquisition Corp. amends its Business Combination Agreement with Avalanche Treasury Corporation, adding Astral Horizon, L.P., Dragonfly Ventures L.P., and Dragonfly Ventures, II L.P. as parties and modifying consideration terms, including the issuance of 4,000,000 shares of Pubco Class A Stock to Astral.

24M 21M
Nov 10, 2025

10-Q filing | 23.8M shares outstanding

24M 21M
Oct 07, 2025

8-K filing: Mountain Lake Acquisition Corp. entered into a Business Combination Agreement with Avalanche Treasury Corporation, where Pubco will issue Class A and Class B common stock as consideration for the merger with Avalanche Treasury Company LLC. ($274.0M proceeds)

24M 21M
Aug 08, 2025

10-Q filing | 23.8M shares outstanding

24M 21M
May 13, 2025

10-Q filing | 23.8M shares outstanding

24M 21M
Mar 19, 2025

10-K filing | 23.8M shares outstanding

24M 21M
Dec 26, 2024

8-K filing: Mountain Lake Acquisition Corp. consummated its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and a private placement of 805,000 units with Mountain Lake Acquisition Sponsor LLC and BTIG, LLC at $10.00 per unit, generating total proceeds of $8,050,000. ($238.05M proceeds)

7.2M 21M
Dec 16, 2024

8-K filing: Mountain Lake Acquisition Corp. consummated an IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and simultaneously consummated a private placement of 805,000 units at $10.00 per unit, generating total proceeds of $8,050,000. ($238.05M proceeds)

7.2M 21M
Dec 11, 2024

S-1/A filing: Mountain Lake Acquisition Corp. is offering 20,000,000 units, each consisting of one Class A ordinary share and one right, at a price of $10.00 per unit.

7.2M 21M
Dec 11, 2024

S-1/A filing: Mountain Lake Acquisition Corp. is offering 20,000,000 units, each consisting of one Class A ordinary share and one right, at a price of $10.00 per unit in an initial public offering.

7.2M 21M
Dec 05, 2024

S-1/A filing: This S-1/A filing describes the terms of indemnification for directors and officers, recent sales of unregistered securities, and estimated expenses for the offering. It also mentions the issuance of Class B ordinary shares to the sponsor.

7.2M 7.2M
Nov 25, 2024

S-1/A filing: Initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right, along with a simultaneous private placement of 745,000 private units at $10.00 per unit.

7.2M 21M
Nov 15, 2024

S-1/A filing: Initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right, with an additional private placement of 745,000 units to the sponsor and BTIG at $10.00 per unit.

7.2M 21M
Sep 27, 2024

S-1/A filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, by Mountain Lake Acquisition Corp., a blank check company.

7.2M 21M
Aug 08, 2024

S-1 filing: Mountain Lake Acquisition Corp. is offering 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.

7.2M 25M
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