v3.26.1
STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)
Mountain Lake Acquisition Corp.
Ordinary Shares
Class A stock
Mountain Lake Acquisition Corp.
Ordinary Shares
Class B Ordinary Shares
Mountain Lake Acquisition Corp.
Additional Paid-in Capital
Mountain Lake Acquisition Corp.
Accumulated Deficit
Mountain Lake Acquisition Corp.
Ordinary Shares
Accumulated Deficit
Total
Beginning balance at Jun. 13, 2024 $ 0 $ 0 $ 0 $ 0 $ 0      
Balance (in Shares) at Jun. 13, 2024 0 0            
Issuance of Founder shares to the Sponsor [1]   $ (755) (24,245)   (25,000)      
Number of shares issued for subscription [1]   7,546,875            
Sale of Private Placement Units $ 81   8,049,919   8,050,000      
Sale of Private Placement Units (in Shares) 805,000              
Fair value of rights included in Public units     2,070,000   2,070,000      
Allocated value of transaction costs to Class A ordinary shares     143,790   $ 143,790      
Forfeiture of Founder Shares   $ (36) 36          
Forfeiture of Founder Shares (in Shares)   (359,375)     984,375      
Accretion of Class A ordinary shares subject to redemption to redemption amount     $ (10,000,410) (6,923,914) $ (16,924,324)      
Net income       443,117 443,117      
Ending balance at Dec. 31, 2024 $ 81 $ 719   (6,480,797) (6,479,997)      
Balance (in Shares) at Dec. 31, 2024 805,000 7,187,500            
Accretion of Class A ordinary shares subject to redemption to redemption amount       (2,339,304) (2,339,304)      
Net income       2,018,521 2,018,521      
Ending balance at Mar. 31, 2025 $ 81 $ 719   (6,801,580) (6,800,780)      
Balance (in Shares) at Mar. 31, 2025 805,000 7,187,500            
Beginning balance at Dec. 31, 2024 $ 81 $ 719   (6,480,797) (6,479,997)      
Balance (in Shares) at Dec. 31, 2024 805,000 7,187,500            
Accretion of Class A ordinary shares subject to redemption to redemption amount       (9,586,719) (9,586,719)      
Reversal of deferred underwriting fee payable       7,050,000 7,050,000      
Net income       8,281,946 8,281,946      
Ending balance at Dec. 31, 2025 $ 81 $ 719   (735,570) (734,770) $ 10 $ (145,382) $ (145,382)
Balance (in Shares) at Dec. 31, 2025 805,000 7,187,500            
Ending balance at Dec. 31, 2025 $ 81 $ 719   (735,570) (734,770) 10 (145,382) (145,382)
Balance (in Shares) at Dec. 31, 2025 805,000 7,187,500            
Beginning balance at Sep. 21, 2025           0 0 0
Issuance of Founder shares to the Sponsor           $ 10 0 0
Number of shares issued for subscription           1,000    
Net income           $ 0 (145,382) (145,382)
Ending balance at Dec. 31, 2025 $ 81 $ 719   (735,570) (734,770) 10 (145,382) (145,382)
Balance (in Shares) at Dec. 31, 2025 805,000 7,187,500            
Accretion of Class A ordinary shares subject to redemption to redemption amount       (2,113,587) (2,113,587)      
Net income       1,724,016 1,724,016   (139,635) (139,635)
Ending balance at Mar. 31, 2026 $ 81 $ 719   $ (1,125,141) $ (1,124,341) $ 10 $ (285,017) $ (285,017)
Balance (in Shares) at Mar. 31, 2026 805,000 7,187,500            
[1] Included up to 984,375 shares subject to forfeiture as of September 30, 2024, if the over-allotment option was not exercised in full or in part by the underwriters. On December 16, 2024, the underwriters partially exercised their over-allotment option as part of the closing of the Initial Public Offering and forfeited their option to exercise the remaining over-allotment option. As such, 359,375 Founder Shares were forfeited (Note 5).