We advised the placement agents on the transactions

Davis Polk advised the placement agents in connection with a PIPE transaction and launch of the Avalanche Treasury Co. (AVAT) through its business combination transaction with Mountain Lake Acquisition Corp. The transactions closed on June 11, 2026. AVAT commenced trading on the Nasdaq Stock Market under the ticker symbol ”AVAT” on June 11, 2026.

AVAT is a company that provides investors with exposure to the Avalanche ecosystem as businesses move on-chain. Investors in AVAT hold shares in a publicly listed company whose value is tied to Avalanche, the blockchain technology platform of choice for some of the world’s most recognized and trusted institutions. AVAT is designed for those who want access to the blockchain infrastructure that offers flexibility, interoperability and speed without holding a digital asset directly.

The Davis Polk capital markets team included partners Derek Dostal and Daniel P. Gibbons and associate Marquis J. Pullen. All members of the Davis Polk team are based in the New York office.

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