Avalanche Treasury has reached a business merger with MLAC worth over $675 million, aiming to hold over $1 billion in AVAX

According to Businesswire, Avalanche Treasury Co. (AVAT) announced a business merger with Nasdaq SPAC Mountain Lake Acquisition Corp. (MLAC) worth over $675 million, which includes approximately $460 million in treasury assets. The merged company is expected to be listed on Nasdaq in the first quarter of 2026.

AVAT has purchased $200 million in AVAX at a discounted price and has a preferential purchase right for the next 18 months, aiming to accumulate over $1 billion in AVAX after the listing. The investor entry point is 0.77 times mNAV, which represents a 23% discount.