SPAC Mountain Lake Acquisition II prices upsized $313 million IPO, led by Axos Chair
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Mountain Lake Acquisition II, a SPAC led by Axos Financial's Chairman, raised $313 million in its IPO by offering 31.3 million units at $10 each, exceeding its initial target of $261 million. Each unit includes one share of common stock and a half warrant. The company aims to acquire businesses with strong management and growth potential. It plans to list on Nasdaq as MLAAU, with BTIG as the sole bookrunner.
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