MergerJun 17, 2026, 04:17 PM
Avalanche Treasury Corp Completes Business Combination
AI Summary
Avalanche Treasury Corp. (AVAT) announced the closing of its business combination with MLAC and Pubco on June 11, 2026. The transaction involved a series of mergers and a domestication, with AVAT becoming a subsidiary of Pubco. The company also raised approximately $216 million through subscription agreements. The business combination was treated as a reverse recapitalization for accounting purposes. Additionally, AVAT has entered into agreements for potential collateralized loans, including a $25 million loan secured by AVAX tokens. Pro forma financial statements show significant assets and liabilities post-combination.
Key Highlights
- Avalanche Treasury Corp (AVAT) completed its business combination with MLAC and Pubco on June 11, 2026.
- The transaction involved a domestication of MLAC and subsequent mergers, resulting in AVAT becoming a subsidiary of Pubco.
- Approximately $216 million was raised through Company Unit Subscription Agreements payable in cash, USDC, or AVAX.
- Post-combination, there are 37,914,826 shares of Pubco Class A Stock outstanding.
- The business combination was accounted for as a reverse recapitalization with AVAT as the acquirer.
- AVAT entered into a Master Lender Agreement with FalconX Charlie, Inc. for potential collateralized loans.
- A $25 million collateralized open loan was executed with FalconX Charlie, Inc. on May 29, 2026, secured by approximately 5.6 million AVAX.
- The pro forma combined balance sheet as of March 31, 2026, shows total assets of $145,595,227 and total liabilities of $52,134,401.
Price Impact
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