Paul Grinberg, the Chief Executive Officer of Mountain Lake Acquisition Corp. (NASDAQ:MLAC), a Special Purpose Acquisition Company (SPAC) currently seeking merger opportunities, recently reported several transactions involving the company's shares. Track insider transactions like these and gain deeper insights with InvestingPro's comprehensive insider trading tools. According to the SEC Form 4 filing, Grinberg acquired 12,500 Class A ordinary shares on December 16, 2024. These shares were purchased at a price of $10.00 per unit, reflecting a total acquisition value of $125,000.
Additionally, on December 12, 2024, Grinberg received 65,968 Class B ordinary shares, which were issued as bonus shares in connection with the upsizing of Mountain Lake's initial public offering. These shares are set to convert into Class A ordinary shares upon the completion of the company's initial business combination. On December 16, 2024, he also forfeited an equal number of Class B shares due to the partial exercise of the issuer's over-allotment option by underwriters.
These transactions highlight Grinberg's ongoing involvement and investment in Mountain Lake Acquisition Corp.
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