TLDR:Avalanche Treasury Co. confirmed a $675M SPAC deal with Mountain Lake, including $460M in treasury assets. Avalanche Treasury Co. (AVAT) has entered a business combination valued at more than $675 million with Mountain Lake Acquisition Corp., a Nasdaq-listed SPAC. Avalanche Treasury Co. (AVAT) announced a $675M business combination with Nasdaq SPAC Mountain Lake Acquisition Corp. (MLAC), including ~$460M in treasury assets. Paul Grinberg, CEO of Mountain Lake, said the appeal of the transaction comes from AVAT’s active mandate. With the deal, Avalanche positions AVAT as both an institutional entry point and an aligned growth engine for its ecosystem.