[Avalanche Treasury Corp's Stock Plummets 93%, Warns SEC of Potential Inability to Continue Operations] According to The Defiant, Nasdaq-listed company Avalanche Treasury Corp (AVAT) warned in its quarterly SEC report about significant doubts regarding its ability to continue operations. The company's stock has dropped 93% over the past month, falling from over $10 in early June to below $0.73 as of June 29. AVAT completed its listing on June 11 through a merger with Mountain Lake Acquisition Corp, with plans to establish a $1 billion AVAX holding. However, the approximately $265 million cost of purchasing AVAX has now shrunk to about $123 million. AVAX has fallen 47% this year, with a Wednesday quote of approximately $6.72.