---
title: "SPAC Mountain Lake Acquisition II prices upsized $313 million IPO, led by Axos Chair"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273848594.md"
description: "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."
datetime: "2026-01-27T13:25:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273848594.md)
  - [en](https://longbridge.com/en/news/273848594.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273848594.md)
generator: "portal-rs"
---

# SPAC Mountain Lake Acquisition II prices upsized $313 million IPO, led by Axos Chair

Mountain Lake Acquisition II, a second blank check company led by the Chairman of Axos Financial, raised $313 million by offering 31.3 million units at $10. The SPAC had originally filed in November to raise $261 million; at pricing it raised 20% more in IPO proceeds than anticipated. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.

The company is led by **CEO and Chairman Paul Grinberg**, who currently serves as Chairman of bank Axos Financial (NYSE: AX), and **CFO Douglas Horlick**, the founder of strategy and advisory consulting firm Estancia. Mountain Lake Acquisition II plans to target businesses with a leading industry position, committed and capable management team, and potential to grow, among other characteristics. 

Management's previous SPACs include, **Mountain Lake Acquisition** (MLAC; +4% from $10 offer price), which announced its plan to merge with crypto treasury Avalanche Treasury in October, and Social Leverage Acquisition I (formerly NYSE: SLAC), which went public in 2021 and liquidated in 2024 after the termination of its merger agreement with W3BCLOUD Holdings.

Mountain Lake Acquisition II plans to list on the Nasdaq under the symbol MLAAU. BTIG acted as sole bookrunner on the deal.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**