Avalanche Treasury Co. Eyes $1 Billion AVAX Holdings via SPAC Merger, May Pursue Nasdaq Listing

Avalanche Treasury ￰0￱ go public via a SPAC merger and aims to acquire over $1 billion worth of AVAX tokens, listing on Nasdaq as AVAT in Q1 2026, subject to approvals; the company plans active on‑chain strategies and an initial treasury funded at about $460 ￰1￱ Treasury ￰2￱ list on Nasdaq as AVAT in Q1 2026 (subject to approvals) The company targets owning more than $1 billion in AVAX after going public and plans active protocol investments and validator ￰3￱ capital raise expected to fund approximately $460 million in treasury assets; AVAX spiked to $31.32 intraday after the ￰4￱ Treasury ￰5￱ to buy $1B+ AVAX via SPAC merger and list as AVAT on Nasdaq in Q1 ￰6￱ details on strategy, advisers, and treasury ￰7￱ Treasury ￰8￱ launch through a blank-check merger next year, with the goal of buying over $1 billion worth of AVAX ￰9￱ Treasury ￰10￱ plans to merge with the special purpose acquisition company Mountain Lake Acquisition ￰11￱ a deal valuing the combined firm at more than $675 ￰12￱ announcement triggered a price move in AVAX, the native token of the Avalanche ￰13￱ price of AVAX rose after the news, reaching an intraday high of $31.32 before easing; the token remains higher on the ￰14￱ merged company expects to list on the Nasdaq in the first quarter of 2026 under the ticker symbol AVAT , subject to regulatory and shareholder ￰15￱ Gün Sirer, founder and CEO of Ava Labs, will join Avalanche Treasury ￰16￱ an ￰17￱ firm joins a growing group of treasury-focused public companies and SPACs that target digital-asset holdings as a core asset ￰18￱ is Avalanche Treasury Co.

planning? Avalanche Treasury ￰19￱ to acquire over $1 billion of AVAX tokens and become a publicly listed treasury company that is active on the Avalanche ￰20￱ company expects its initial capital raise to fund roughly $460 million in treasury assets and will pursue additional on-chain revenue ￰21￱ will the SPAC deal work? The company is merging with Mountain Lake Acquisition ￰22￱ a transaction valuing the combined business at over $675 ￰23￱ closing, the merged entity intends to list on Nasdaq as AVAT in Q1 2026, contingent on standard regulatory and shareholder ￰24￱ advisers and backers support the deal? Notable backers and strategic partners named include crypto-focused venture firms and market participants such as Dragonfly, VanEck, FalconX, Monarq, Galaxy Digital, Pantera Capital, CoinFund, Kraken and others (names provided as plain text).

Bart Smith will serve as CEO; Emin Gün Sirer will act as an ￰25￱ will Avalanche Treasury ￰26￱ its AVAX holdings? The company says it will go beyond passive ￰27￱ activities include targeted protocol investments, tokenization initiatives for real-world assets and stablecoins, and building validator infrastructure to support network ￰28￱ Smith stated the firm aims to offer institutional access with yield and ecosystem integration beyond simple token ￰29￱ company also secured an exclusive relationship with the Avalanche Foundation for prioritized token sales to ￰30￱ asset treasury companies.). How is the valuation and discount structured? Avalanche Treasury ￰31￱ to begin with an initial AVAX purchase at a discount to market price and asserts an 18-month priority on Avalanche Foundation sales to ￰32￱ ￰33￱ target multiple of net asset value (mNAV) is 0.77, which the company describes as a roughly 23% discount relative to buying AVAX ￰34￱ at NYDIG have cautioned that the mNAV metric can be misleading and may not fully represent corporate financial position; that critique was presented as plain text without external ￰35￱ Asked Questions Will Avalanche Treasury ￰36￱ on Nasdaq and when?

The merged company expects to list on Nasdaq under the ticker AVAT in Q1 2026, subject to regulatory and shareholder ￰37￱ much AVAX does the company plan to hold? Avalanche Treasury ￰38￱ to own more than $1 billion worth of AVAX after the public listing, with approximately $460 million expected to be funded into treasury assets at ￰39￱ Avalanche Treasury ￰40￱ active onchain? ￰41￱ company plans active on‑chain operations including protocol investments, tokenization projects, and launching validator infrastructure to generate revenue beyond passive ￰42￱ Takeaways SPAC listing planned : Avalanche Treasury ￰43￱ merge with Mountain Lake Acquisition ￰44￱ pursue a Nasdaq listing as AVAT in Q1 ￰45￱ holdings : The firm targets >$1 billion in AVAX with ~ $460 million funded at ￰46￱ strategy : Plans include targeted investments, tokenization services, and validator operations to create revenue beyond token ￰47￱ Avalanche Treasury Co.’s planned SPAC merger and $1 billion AVAX target mark a significant institutional-style treasury play for the Avalanche ￰48￱ move may tighten supply dynamics and bring additional infrastructure and investment to ￰49￱ updates as regulatory reviews and shareholder votes progress; COINOTAG will monitor developments and report material changes.