Avalanche Treasury Corp
For the period ended Jun 11, 2026. Filed Jun 17, 2026.
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Jun 11, 2026 · Filed Jun 17, 2026
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Contents
EX-99.5 · Recent Developments
Recent Developments
On March 20, 2026, AVAT signed a Master Lender Agreement (the “Master Lender Agreement”) with FalconX Charlie, Inc. (the “Lender”) to facilitate the potential future execution of collateralized loans in which the Lender may lend to AVAT certain digital currency or cash (dependent on the loaned asset specified in the relevant executed loan term sheet) and AVAT would pay a loan fee as well as pledge collateral on or prior to the date of any drawdown pursuant to such future loan term sheet, as applicable. The loans under the Master Lender Agreement may be open loans without a maturity date, whereby AVAT may repay and Lender may recall the loan at any time, or term loans with a predetermined maturity date.
On May 29, 2026, AVAT and the Lender executed a loan term sheet, pursuant to which AVAT agreed to borrow from the Lender, and the Lender agreed to lend to AVAT, a loan of $25 million pursuant to an open loan (the “May 2026 Collateralized Open Loan”). The loan fee is 7% per annum.
At Closing, AVAT pledged approximately 5.6 million AVAX pursuant to the May 2026 Collateralized Open Loan, which is based on an initial collateral ratio of 200%. The collateral will be held in a segregated custody account with Anchorage Digital Bank N.A. (“Anchorage”) pursuant to an Account Control Agreement among Anchorage, AVAT and the Lender.
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