v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Sep. 21, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 13, 2024
Current assets            
Cash $ 0 $ 0        
Total Current Assets 2,224,203 1,629,758        
TOTAL ASSETS 2,224,203 1,629,758        
Current liabilities            
Accounts payable and accrued expenses 447,662 72,161        
Due to Sponsor 1,578,524 1,423,849        
Total Current Liabilities 2,509,220 1,775,140        
TOTAL LIABILITIES 2,509,220 1,775,140        
Commitments and Contingencies        
Shareholders' Deficit            
Ordinary shares, value 10 10        
Accumulated deficit (285,017) (145,382)        
Total Stockholder's Deficit (285,017) (145,382) $ 0      
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT 2,224,203 1,629,758        
Mountain Lake Acquisition Corp.            
Current assets            
Cash 66,568 452,680     $ 1,383,392  
Prepaid expenses 85,092 16,840     23,669  
Prepaid insurance 64,651 87,776     92,500  
Total Current Assets 216,311 557,296     1,499,561  
Cash and investments held in Trust Account 243,344,159 241,230,572     231,643,853  
TOTAL ASSETS 243,560,470 241,787,868     233,231,190  
Current liabilities            
Accounts payable and accrued expenses 339,964 291,378     7,401  
Due to Sponsor 688 688     3,183  
Total Current Liabilities 340,652 292,066     17,334  
Deferred underwriting fee payable 1,000,000 1,000,000     8,050,000  
TOTAL LIABILITIES 1,340,652 1,292,066     8,067,334  
Commitments and Contingencies      
Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.58 and $10.49 per share as of March 31, 2026 and December 31, 2025, respectively 243,344,159 241,230,572     231,643,853  
Shareholders' Deficit            
Preference shares, $0.0001 par value; 5,000,000 shares authorized; 0 shares issued or outstanding as of March 31, 2026 and December 31, 2025      
Accumulated deficit (1,125,141) (735,570)     (6,480,797)  
Total Stockholder's Deficit (1,124,341) (734,770)   $ (6,800,780) (6,479,997) $ 0
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT 243,560,470 241,787,868     233,231,190  
Class A | Mountain Lake Acquisition Corp.            
Shareholders' Deficit            
Ordinary shares, value 81 81     81  
Class B Ordinary Shares | Mountain Lake Acquisition Corp.            
Shareholders' Deficit            
Ordinary shares, value $ 719 $ 719     $ 719