Pjt Partners Bollinger Bands Narrowing, KDJ Death Cross on 15min Chart

PJT Partners' 15-minute chart is currently exhibiting a narrowing of Bollinger Bands, and a KDJ Death Cross is imminent, as of October 9, 2025 at 11:45. This indicates a decrease in the magnitude of stock price fluctuations, along with a shift in momentum towards the downside, which may lead to further decreases in the stock's value.

Avalanche Treasury Co. (AVAT) has announced a definitive merger agreement with Mountain Lake Acquisition Corp. (MLAC) in a deal valued at over $675 million. The transaction, one of the largest crypto-aligned SPAC deals to date, aims to list on Nasdaq in early 2026. The new entity, AVAT, will start with approximately $460 million in treasury assets and has secured an exclusive $200 million discounted AVAX token purchase allocation from the Avalanche Foundation Avalanche Treasury Co. Merges with Mountain Lake in $675M SPAC Deal^[1].

The merger 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, and Skadden and Davis Polk are providing legal counsel Avalanche Treasury Co. Merges with Mountain Lake in $675M SPAC Deal^[1].

AVAT plans to launch at a 0.77x mNAV entry point, offering investors a 23% discount compared to buying AVAX directly or through ETF alternatives. The company aims to build an AVAX treasury exceeding $1 billion over time and position itself as a leading public vehicle for institutional exposure to the cryptocurrency. Capital will be deployed across multiple areas within the Avalanche ecosystem, including protocol investments, enterprise partnerships, and validator infrastructure Avalanche Treasury Co. Merges with Mountain Lake in $675M SPAC Deal^[1].

The leadership team 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. 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 and Dragonfly Capital Managing Partner Haseeb Qureshi, as well as Blockworks CEO Jason Yanowitz Avalanche Treasury Co. Merges with Mountain Lake in $675M SPAC Deal^[1].

The AVAX token price remained flat over the 24-hour period following the announcement, with the deal expected to close in the first quarter of 2026. The transaction is pending regulatory and shareholder approval.