Mountain Lake Acquisition II, the second blank check company led by the Chairman of Axos Financial, filed on Wednesday with the SEC to raise up to $261 million in an initial public offering.
The company plans to raise $261 million by offering 26.1 million units at $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
The company is led by CEO and Chairman Paul Grinberg, who currently serves as Chairman of bank Axos Financial (NYSE: AX), and CFO Douglas Horlick, the founder of strategy and advisory consulting firm Estancia. Mountain Lake Acquisition II plans to target businesses with a leading industry position, committed and capable management team, and potential to grow, among other characteristics.
Management's previous SPACs include, Mountain Lake Acquisition (MLAC; +4% from $10 offer price), which announced its plan to merge with crypto treasury Avalanche Treasury in October, and Social Leverage Acquisition I (formerly NYSE: SLAC), which went public in February 2021 and liquidated in February 2024 after the termination of its merger agreement with W3BCLOUD Holdings.
The Incline Village, NV-based company was founded in 2025 plans to list on the Nasdaq under the symbol MLAAU. BTIG is the sole bookrunner on the deal.
