MLAC
Mountain Lake Acquisition Corp.Financial Services·Shell Companies
$10.62
$329M market cap
Revenue
$0.0M
Free Cash Flow
$-0.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Mountain Lake Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.
2-Year Price History
$10.60+6.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -0.4 | -0.4 | 1.7 | -0.4 | -0.4 | -0.0 | 0.1 | 0.0 | 23.8 | -2.0% | -- | -- |
Valuation & Metrics
Market Stats
Price$10.62
Market Cap$329M
Enterprise Value$329M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$1.7M
Free Cash Flow$-0.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-2.0%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.3M
Days to Cover4.4
Change (vs Prior)+21.8%
Need at least 2 settlement dates for chart
Employees
Headcount2
Revenue / Employee$0
Gross Profit / Employee$0
Cash Runway
2.1months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
73.9%(+23.7% YoY)
47 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.2% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| TENOR CAPITAL MANAGEMENT Co., L.P. | $21.1M | $10.31 | +$0 | +$15.8M | +5.6% | $1.50B |
| Magnetar Financial LLC | $20.0M | $10.26 | +$0 | +$20.0M | -0.8% | $9.54B |
| BERKLEY W R CORP | $19.8M | $10.46 | +$16.0M | +$17.5M | +0.3% | $1.86B |
| MIZUHO SECURITIES USA LLC | $18.0M | $10.42 | +$7.9M | +$18.0M | +0.0% | $4.03B |
| Polar Asset Management Partners Inc. | $15.8M | $10.05 | +$182K | −$4.0M | +1.8% | $3.16B |
| AQR Arbitrage LLC | $14.8M | $10.05 | +$3K | −$1.3M | +0.0% | $5.11B |
| Vivaldi Asset Management, LLC | $10.3M | $10.05 | +$0 | −$206K | +3.3% | $1.90B |
| Alberta Investment Management Corp | $10.3M | $10.26 | +$0 | +$10.3M | -0.4% | $14.74B |
| WOLVERINE ASSET MANAGEMENT LLC | $10.2M | $10.20 | +$88K | +$5.2M | +1.9% | $2.32B |
| Westchester Capital Management, LLC | $9.3M | $10.21 | +$0 | +$6.2M | -4.3% | $2.07B |
| LINDEN ADVISORS LP | $9.2M | $10.05 | +$0 | +$0 | -7.0% | $1.89B |
| GLAZER CAPITAL, LLC | $9.0M | $10.17 | +$1.8M | +$2.4M | +8.8% | $4.51B |
| Karpus Management, Inc. | $6.5M | $10.05 | +$0 | −$3.2M | -0.3% | $3.07B |
| CoinFund Management LLC | $6.0M | $10.42 | +$1.1M | +$6.0M | -33.1% | $34.1M |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | $5.3M | $10.30 | +$0 | +$5.3M | -13.5% | $1.98B |
| LMR Partners LLP | $5.2M | $10.05 | +$0 | −$32K | -2.0% | $8.84B |
| Crossingbridge Advisors, LLC | $4.7M | $10.05 | −$6.1M | −$6.1M | -0.2% | $492M |
| GOLDMAN SACHS GROUP INC | $4.5M | $10.05 | +$0 | −$228K | -0.2% | $760.93B |
| TORONTO DOMINION BANK | $3.7M | $10.24 | −$355K | +$1.5M | -0.3% | $51.69B |
| RLH Capital LLC | $3.3M | $10.53 | +$3.3M | +$3.3M | — | $197M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.16%
avg per quarter
Holders (ex-self)
-0.24%
excl. this stock
Buyers (this Q)
-0.44%
11 buyers · $0.03B in
Sellers (this Q)
+1.57%
10 sellers · $0.01B out
alpha coverage: 98% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-3.7%
how holders react when this stock falls
On quiet Qs
-4.0%
−10% to +10% baseline
On rallies (+10%+)
-16.6%
how they react when this stock rises
Holders' portfolio flow this Q
+5.8%
inflows — adds are organic
Sellers' portfolio flow this Q
+86.0%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Pantera Capital Partners LPexited−$7.8MTWO SIGMA INVESTMENTS, LPexited−$7.4MDecagon Asset Management LLPexited−$6.8MCrossingbridge Advisors, LLC−$6.1Mα-0.2METEORA CAPITAL, LLCexited−$6.0MJ. Goldman & Co LPexited−$4.4MShaolin Capital Management LLC−$2.1Mα+7.5Jain Global LLC−$1.9Mα+1.6TORONTO DOMINION BANK−$355Kα-0.3LANDSCAPE CAPITAL MANAGEMENT, L.L.C.exited−$212K
New buyers this quarter
Top-5 holders · 38.9%
TENOR CAPITAL MANAGEMENT Co., L.P.--
Magnetar Financial LLC--
BERKLEY W R CORP--
MIZUHO SECURITIES USA LLC--
Polar Asset Management Partners Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
TENOR CAPITAL MANAGEMENT Co., L.P.2.0MMagnetar Financial LLC1.9MBERKLEY W R CORP1.9MPolar Asset Management Partners Inc.1.5MMIZUHO SECURITIES USA LLC1.7MWOLVERINE ASSET MANAGEMENT LLC972KAQR Arbitrage LLC1.4MWestchester Capital Management, LLC888KD. E. Shaw & Co., Inc.194KVivaldi Asset Management, LLC980K
Corporate
Order Flow (FINRA, ~3w lag)
70.5%retail+8.3pp
0.7%dark-10.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Mountain Lake Acquisition Corp: A Crypto-Treasury Pivot Racing Against a Liquidation Clock
Overall Risk
8/10
Fraud
3/10
Dilution
9/10
Insolvency
9/10
Earnings Overstated
2/10
Hidden Liabilities
7/10
Legal
5/10
Audit Warnings
8/10
Hidden Upside
2/10
Contextually Acceptable
4/10