PST Group AB Requests Delisting from Nasdaq Vilnius by Nov 31, 2025.

PST Group AB has requested Nasdaq to delist its shares from trading on the regulated market. The request was made due to the adoption of a general meeting decision and the implementation of a tender offer by the controlling shareholder AB "HISK" and the Company. Nasdaq is expected to finalize the delisting decision by 31 November 2025.

Avalanche Treasury Co. (AVAT) has announced a significant milestone in its journey towards public listing. The company is merging with Mountain Lake Acquisition Corp. (MLAC) in a deal valued at over $675 million, one of the largest crypto-aligned SPAC transactions to date. The combined entity, AVAT, aims to list on Nasdaq in early 2026 and build an AVAX treasury exceeding $1 billion over time.

The merger agreement, announced on Wednesday, includes approximately $460 million in projected treasury assets at closing. AVAT has secured an exclusive $200 million discounted AVAX token purchase allocation from the Avalanche Foundation. This deal offers investors a 23% discount compared to buying AVAX directly or through ETF alternatives, with a 0.77x mNAV entry point.

The transaction has attracted a diverse group of investors from both traditional finance and the crypto sector, including Dragonfly, ParaFi Capital, VanEck, Galaxy Digital, Pantera Capital, CoinFund, and Kraken. FalconX will provide trading and credit services, while Monarq will manage portions of the treasury portfolio. PJT Partners and Barclays are serving as financial advisors, with Skadden and Davis Polk providing legal counsel.

The leadership team of AVAT combines Wall Street expertise with crypto industry knowledge. CEO Bart Smith brings experience from Susquehanna International Group and AllianceBernstein, while COO Laine Litman previously worked at HiddenRoad and Virtu Financial. CSO Budd White comes from Multisig Labs. Ava Labs founder Emin Gün Sirer will join as a strategic advisor, and Chief Business Officer John Nahas will take a seat on the public company board. The advisory board includes Aave founder Stani Kulechov, Dragonfly Capital Managing Partner Haseeb Qureshi, and Blockworks CEO Jason Yanowitz.

Capital will be deployed across multiple areas within the Avalanche ecosystem, including protocol investments, enterprise partnerships, and validator infrastructure. AVAT plans to launch at a 0.77x mNAV entry point, starting with about $460 million in treasury assets funded through private placement. The company expects to close the deal in the first quarter of 2026, pending regulatory and shareholder approval.

The AVAX token price remained flat over the 24-hour period following the announcement, indicating a cautious market reaction. However, the deal is expected to close in the first quarter of 2026, positioning AVAT as a leading public vehicle for institutional exposure to the cryptocurrency.