Overview

• Avalanche Treasury Co. agreed to merge with Mountain Lake Acquisition Corp. in a transaction valued at more than $675 million that consolidates roughly $460 million in treasury assets.
• The company disclosed an initial $200 million AVAX purchase at a discount and secured 18-month priority rights on future token sales from the Avalanche Foundation.
• The combined company targets an early 2026 Nasdaq debut under the AVAT ticker, pending regulatory and shareholder approval.
• AVAT sets a long-term goal to build over $1 billion in AVAX holdings and outlines deployment across protocol investments, tokenization and payments partnerships, and validator and liquidity support.
• Pricing for the entry was reported at about 0.77 times net asset value, and Avalanche founder Emin Gün Sirer will advise as Avalanche executive John Nahas joins the public company board.