Mountain Lake Acquisition Corp. II (Ticker: MLAAU US) is a Cayman Islands-incorporated blank check company (SPAC) formed for the purpose of effecting a merger, share exchange, or similar business combination. The company plans to list on the NASDAQ Global Market on January 27, 2026. According to recent press releases, the company priced an upsized IPO of 31.32 million units at $10.00 per unit, raising $313.2 million USD. This offer size represents an increase from the originally filed $261 million target.

While the company may pursue a target in any industry, it intends to focus on established businesses of scale poised for continued growth, leveraging the expertise of its management team. The company is led by CEO Paul Grinberg, who also serves as the Chairman of Axos Financial, Inc. Each IPO unit consists of one Class A ordinary share and one-half of one redeemable warrant. BTIG, LLC is acting as the sole book-running manager for the offering. Proceeds are reportedly intended to fund the search for and consummation of an initial business combination.