AVAX Token Surges as Ava Labs Merges with Mountain Lake for Nasdaq Listing
The AVAX token price has soared following the announcement of a major merger. Ava Labs, the company behind AVAX, is set to join forces with Mountain Lake Acquisition Corp., creating a new company called AVAT. This deal is estimated to be worth over $675 million and is expected to list on the Nasdaq Composite in Q1 2026.
The merger, which is expected to close in the first quarter of 2026, will see AVAT listed on Nasdaq today under the ticker symbol 'AVAT'. Investors will have an attractive entry point at 0.77x multiple of net asset value (mNAV), a 23% discount compared to purchasing AVAX directly or via passive ETF alternatives. Emin Güngör Sirer, the founder and CEO of Ava Labs, will join AVAT as an advisor, further strengthening the company's leadership.
Following the merger, AVAT plans to deploy capital directly into the Avalanche ecosystem. This will involve targeted protocol investments, partnerships, and institutional L1 launches. The company aims to buy more than $1 billion worth of AVAX tokens, reflecting its confidence in the token's potential. This move comes as more digital treasury firms shift their focus towards altcoins like Solana (SOL) and AVAX.
The merger of Ava Labs and Mountain Lake Acquisition Corp. to form AVAT is expected to bring significant benefits to both companies and AVAX token holders. With a strong leadership team, including Emin Güngör Sirer as an advisor, and a clear strategy for deploying capital into the Avalanche ecosystem, AVAT is well-positioned for success. The listing on the Nasdaq Composite in Q1 2026 will provide investors with an attractive entry point into the AVAX market.
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