山湖收购有限公司-A 2025年季度报告

The accompanying notes are an integral part of the unaudited condensed financial statements. Class AOrdinary SharesClass BOrdinary SharesAdditionalPaid-inAccumulatedShareholdeSharesAmountSharesAmountCapitalDeficitDeficit Accretion for Class A ordinaryshares to redemption amount—————(2,339,304)(2,339,304)Net income—————2,018,5212,018,521 The accompanying notes are an integral part of the unaudited condensed financial statements.3 (UNAUDITED) Net income$2,018,521Adjustments to reconcile net income to net cash used in operating activities:Interest earned on marketable securities held in Trust Account(2,339,304)Changes in operating assets and liabilities:Prepaid expenses and other current assetsLong-term prepaid insurance 4 (Unaudited) Mountain Lake Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted companyonJune14, 2024. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, sharepurchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified(“Business Combination”). The Company may pursue an acquisition opportunity in any industry or geographic location.As of March 31, 2025, the Company has not commenced any operations. All activity for the period from June 14, 2024 (inception) The registration statement for the Company’s Initial Public Offering was declared effective on December 12, 2024. On December 16,2024, the Company consummated the Initial Public Offering of23,000,000units (the “Units” and, with respect to the shares of ClassA ordinary shares included in the Units sold, the “Public Shares”), which includes the partial exercise by the underwriters of their private placement units (each, a “Private Placement Unit”) at a price of $10.00per Private Placement Unit in a private placement toMountain Lake Acquisition Sponsor LLC, a Delaware limited liability company (“Sponsor”), and BTIG, representative of theunderwriters (“BTIG”), generating gross proceeds of $8,050,000, which is described in Note 4.Transaction costs amounted to $13,354,261, consisting of $4,600,000of cash underwriting fee, $8,050,000of deferred underwritingfee and $704,261of other offering costs.The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Initial PublicOffering and the sale of Private Placement Units, although substantially all of the net proceeds are intended to be applied generallytoward consummating a Business Combination. The Company’s initial Business Combination must be with one or more operatingbusinesses or assets with a fair market value equal to at least80% of the net assets held in the Trust Account (as defined below)(excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time the Companysigns a definitive agreement in connection with the initial Business Combination. However, the Company will only complete aBusiness Combination if the post-transaction company owns or acquires50% or more of the outstanding voting securities of the target (Unaudited) liquidation, if there is a shareholder vote or tender offer in connection with the initial Business Combination and in connection withcertainamendments to the Amended and Restated Memorandum and Articles of Association(the“Amended and Restated Memorandum and Articles of Association”). The Public Shares were recorded at redemption value and classified as temporary equityat the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic480, Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against theproposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the holders of theFounder Shares prior to the Initial Public Offering (the “Initial Shareholders”) have agreed to vote their Founder Shares (as defined inNote5) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the with the completion of a Business Combination. In addition, the Company has agreed not to enter into a definitive agreementregarding an initial Business Combination without the prior consent of the Sponsor. Notwithstanding the foregoing, the Company’s Amended and Restated Memorandum and Articles of Association provides that aPublic Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in Combination Period or (B)with respect to any other material provisions relating to shareholders’ rights or pre-initial businesscombination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their ClassA ordinaryshares upon approval of any such amendment at a per-share price, payable in cash, equal to the