Avalanche Treasury Corporation (Pubco) filed its Form 10-Q for the quarterly period ended March 31, 2026. The filing includes financial statements and management's discussion for both the successor (Pubco) and predecessor (Avalanche Treasury Company, LLC). The predecessor, Avalanche Treasury Company, LLC, reported staking revenue of $2.1 million and a net loss of $26.8 million for the quarter. Significant factors contributing to the net loss include unrealized losses on digital assets ($46.2 million), impairment of digital assets ($5.1 million), and realized losses on digital assets ($0.5 million). Other income of $24.8 million was primarily driven by an unrealized gain on the token sale liability. General and administrative expenses for the predecessor were $1.9 million. Pubco, as the successor, reported a net loss of $139,635 for the period, primarily due to general and administrative expenses. The company's business combination with Mountain Lake Acquisition Corp. (MLAC) was accounted for as a reverse recapitalization. The business combination was completed on June 11, 2026, after the reporting period. The company holds substantial digital assets, primarily AVAX, valued at $122.8 million as of March 31, 2026. A material weakness in internal control over financial reporting was identified, related to the financial reporting process and segregation of duties. The company has plans to remediate this material weakness.