Avalanche Treasury Corporation announced changes to its board of directors on September 8, 2026. The board resolved to increase the number of directors from three to four, appointing Ms. Virginia Gambale to the board, effective immediately.
Ms. Gambale was also appointed to the company's audit committee. Concurrently, Mr. Gerald Bartholomew Smith resigned from the audit committee but remains a member of the board of directors. The company noted that the audit committee now has two members who qualify as independent directors, a status permitted during a phase-in period under Nasdaq Rule 5615(b)(1)(B).
In connection with her appointment, Ms. Gambale entered into a director services agreement. The company also filed a director services agreement with Mr. Paul Grinberg, who serves as the Chair of the Audit Committee and a member of the Nominating and Corporate Governance Committee and the Compensation Committee. Both agreements stipulate that the directors will receive compensation pursuant to the company's director compensation policy and that the company will reimburse them for reasonable travel and other out-of-pocket expenses.
