Mountain Lake Acquisition delays 2M share issuance to Astral by 30 days in SPAC merger

Filed March 17, 2026 · Period ending March 17, 2026 · ~1 min read

Key Changes

• medium

  SPAC amended its Business Combination Agreement to postpone issuance of 2 million shares to Astral by 30 calendar days, now occurring 30 days after Closing Date instead of on the merger effective date.

  Item 1.01 verify on EDGAR →
• medium

  Astral is entitled to receive 4 million total shares as additional merger consideration: 2 million shares subject to the 30-day delay, plus 2 million earnout shares held in escrow with vesting conditions.

  Item 1.01 verify on EDGAR →
• low

  This is the second amendment to the Business Combination Agreement, indicating ongoing negotiations and adjustments to the original SPAC merger terms agreed upon by the parties.

  Item 9.01 verify on EDGAR →