Columbus Acquisition Corp Announces Closing of $60 Million Initial Public Offering
Columbus Acquisition Corp has successfully completed its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, raising aggregate gross proceeds of $60 million. Each unit comprises one ordinary share and one right to receive one-seventh of an ordinary share upon completing an initial business combination.
The units began trading on Nasdaq Global Market under the symbol 'COLAU' on January 23, 2025. The ordinary shares and rights will separately trade under 'COLA' and 'COLAR' respectively. A.G.P./Alliance Global Partners served as the sole book-running manager, with The Benchmark Company as co-manager. The underwriters have a 45-day option to purchase up to 900,000 additional units to cover over-allotments.
Columbus Acquisition Corp ha completato con successo la sua offerta pubblica iniziale (IPO) di 6.000.000 di unità a $10,00 per unità, raccogliendo un totale di $60 milioni. Ogni unità è composta da un'azione ordinaria e un diritto di ricevere un settimo di un'azione ordinaria al termine di una combinazione aziendale iniziale.
Le unità hanno iniziato a essere scambiate sul Nasdaq Global Market con il simbolo 'COLAU' il 23 gennaio 2025. Le azioni ordinarie e i diritti verranno scambiati separatamente con i simboli 'COLA' e 'COLAR' rispettivamente. A.G.P./Alliance Global Partners ha svolto il ruolo di unico gestore delle prenotazioni, con The Benchmark Company come co-gestore. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 900.000 ulteriori unità per coprire le sovra-assegnazioni.
Columbus Acquisition Corp ha completado con éxito su oferta pública inicial (IPO) de 6,000,000 de unidades a $10.00 por unidad, recaudando un total de $60 millones. Cada unidad consta de una acción ordinaria y un derecho a recibir una séptima parte de una acción ordinaria al completar una combinación comercial inicial.
Las unidades comenzaron a cotizar en el Nasdaq Global Market bajo el símbolo 'COLAU' el 23 de enero de 2025. Las acciones ordinarias y los derechos se negociarán por separado bajo 'COLA' y 'COLAR' respectivamente. A.G.P./Alliance Global Partners actuó como el único gestor de libros, con The Benchmark Company como co-gestor. Los suscriptores tienen una opción de 45 días para comprar hasta 900,000 unidades adicionales para cubrir sobreasignaciones.
콜럼버스 인수 법인(Columbus Acquisition Corp)가 6,000,000 개 유닛의 상장공모(IPO)를 성공적으로 완료하여 유닛당 $10.00의 가격으로 총 $60 백만을 모집했습니다. 각 유닛은 한 개의 보통주와 초기 사업 결합 완료 시 보통주의 1/7을 받을 수 있는 권리를 포함합니다.
유닛은 2025년 1월 23일에 나스닥 글로벌 마켓(Nasdaq Global Market)에서 'COLAU' 기호로 거래를 시작했습니다. 보통주와 권리는 각각 'COLA'와 'COLAR'으로 따로 거래됩니다. A.G.P./Alliance Global Partners는 단독 북 관리자로 활동하였으며, 벤치마크 컴퍼니(The Benchmark Company)가 공동 관리자로 참여했습니다. 인수인은 추가 배정을 충당하기 위해 90만 개의 추가 유닛을 구매할 수 있는 45일의 옵션을 보유하고 있습니다.
Columbus Acquisition Corp a réussi à compléter son introduction en bourse (IPO) de 6 000 000 d'unités à 10,00 $ par unité, levant ainsi un produit brut total de 60 millions $. Chaque unité comprend une action ordinaire et un droit de recevoir un septième d'une action ordinaire lors de la réalisation d'une combinaison d'affaires initiale.
Les unités ont commencé à être négociées sur le Nasdaq Global Market sous le symbole 'COLAU' le 23 janvier 2025. Les actions ordinaires et les droits seront négociés séparément sous 'COLA' et 'COLAR' respectivement. A.G.P./Alliance Global Partners a servi de gestionnaire principal, avec The Benchmark Company comme co-gestionnaire. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 900 000 unités supplémentaires pour couvrir les surallocations.
Columbus Acquisition Corp hat erfolgreich ihr Öffentliches Angebot (IPO) von 6.000.000 Einheiten zu je 10,00 $ pro Einheit abgeschlossen und dabei Gesamterlöse von 60 Millionen $ erzielt. Jede Einheit besteht aus einer Stammaktie und einem Recht, bei Abschluss einer anfänglichen Geschäftskombination ein Siebtel einer Stammaktie zu erhalten.
Die Einheiten begannen am 23. Januar 2025 im Nasdaq Global Market unter dem Symbol 'COLAU' zu handeln. Die Stammaktien und Rechte werden separat unter 'COLA' bzw. 'COLAR' gehandelt. A.G.P./Alliance Global Partners fungierte als alleiniger Buchführungsmanager, während The Benchmark Company als Co-Manager tätig war. Die Underwriter haben eine Option von 45 Tagen, um bis zu 900.000 zusätzliche Einheiten zum Abdecken von Überallotierungen zu erwerben.
- Successfully raised $60 million through IPO
- Listed on major exchange (Nasdaq Global Market)
- 45-day over-allotment option for additional 900,000 units
- Blank check company with no operating business
- Dilutive structure with additional share rights
- No guaranteed successful business combination
Insights
This SPAC IPO represents a notable development in the current market environment, though its
The 45-day over-allotment option for an additional 900,000 units could bring total proceeds to
For investors, the separate trading of shares (COLA) and rights (COLAR) post-unit split creates multiple trading opportunities and entry points. However, the relatively modest trust size may limit the scope of potential acquisition targets to smaller private companies, typically in the
New York, Jan. 24, 2025 (GLOBE NEWSWIRE) -- Columbus Acquisition Corp (the “Company”), a blank check company incorporated in the Cayman Islands, today announced the closing of its initial public offering of 6,000,000 units at a price of
The units commenced trading on The Nasdaq Global Market (“NASDAQ”) under the ticker symbol “COLAU” on January 23, 2025. Once the securities comprising the units begin separate trading, the ordinary shares and rights will be listed on NASDAQ under the symbols “COLA” and “COLAR,” respectively.
A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering. The Benchmark Company, LLC acted as the co-manager for the offering.
The Company has granted the underwriters a 45-day option to purchase up to 900,000 units at the initial public offering price to cover over-allotments, if any.
Robinson & Cole LLP served as the U.S. counsel to Columbus Acquisition Corp and Sichenzia Ross Ference Carmel LLP served as the U.S. counsel to the representative of the underwriters in this offering.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 22, 2025. The offering has been made only by means of a prospectus, copies of which may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com or by visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release.
About Columbus Acquisition Corp
The Company is a blank check company incorporated in the Cayman Islands, sponsored by Hercules Capital Management VII Corp, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to identify a prospective target business which will not be limited to a particular industry or geographic location.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering, the underwriters’ exercise of over-allotment option, the anticipated use of the net proceeds thereof and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts:
Fen Zhang
Chairman and Chief Executive Officer
Email: eric.zhang@hercules.global
Tel: (+1) 949 899 1827
FAQ
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