Columbus Acquisition Corp Announces Pricing of $60 Million Initial Public Offering
Columbus Acquisition Corp has announced the pricing of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, totaling $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 will trade on Nasdaq Global Market under symbol COLAU starting January 23, 2025, with ordinary shares and rights later trading separately under COLA and COLAR respectively. The offering is set to close on January 24, 2025. The company granted underwriters a 45-day option to purchase up to 900,000 additional units to cover over-allotments.
A.G.P./Alliance Global Partners serves as the sole book-running manager, with The Benchmark Company as co-manager for the offering.
Columbus Acquisition Corp ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 6.000.000 di unità a $10,00 per unità, per un totale di $60 milioni. Ogni unità comprende un'azione ordinaria e un diritto di ricevere un settimo di un'azione ordinaria al completamento di una combinazione aziendale iniziale.
Le unità saranno scambiate sul Nasdaq Global Market con il simbolo COLAU a partire dal 23 gennaio 2025, con le azioni ordinarie e i diritti che saranno successivamente scambiati separatamente con i simboli COLA e COLAR, rispettivamente. L'offerta dovrebbe chiudersi il 24 gennaio 2025. La società ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a 900.000 unità aggiuntive per coprire eventuali sovraprenotazioni.
A.G.P./Alliance Global Partners funge da gestore principale dell'offerta, con The Benchmark Company come co-gestore.
Columbus Acquisition Corp ha anunciado el precio de su oferta pública inicial (IPO) de 6.000.000 de unidades a $10,00 por unidad, totalizando $60 millones. Cada unidad comprende una acción ordinaria y un derecho a recibir una séptima parte de una acción ordinaria al completar una combinación empresarial inicial.
Las unidades se intercambiarán en el Nasdaq Global Market bajo el símbolo COLAU a partir del 23 de enero de 2025, con acciones ordinarias y derechos que se negociarán posteriormente por separado bajo COLA y COLAR, respectivamente. Se espera que la oferta cierre el 24 de enero de 2025. La empresa otorgó a los suscriptores una opción de 45 días para comprar hasta 900.000 unidades adicionales para cubrir sobreasignaciones.
A.G.P./Alliance Global Partners se desempeña como el único administrador de libros, con The Benchmark Company como co-administrador de la oferta.
콜럼버스 인수 법인은 6,000,000개 유닛의 상장 공모(IPO) 가격을 유닛당 $10.00로 공표했으며, 총액은 $60백만입니다. 각 유닛은 한 개의 보통주식과 초기 사업 결합 완료 시 일곱 분의 일 보통주식을 받을 권리를 포함합니다.
이 유닛은 2025년 1월 23일부터 나스닥 글로벌 마켓에서 기호 COLAU로 거래되며, 이후 보통주식 및 권리는 각각 COLA 및 COLAR로 별도로 거래될 예정입니다. 공모는 2025년 1월 24일에 마감될 예정입니다. 회사는 인수자에게 초과 할당을 보장하기 위해 45일 동안 900,000개의 추가 유닛을 구매할 수 있는 옵션을 부여했습니다.
A.G.P./Alliance Global Partners는 이 공모의 단독 주관 관리자 역할을 하며, The Benchmark Company는 공동 관리자 역할을 합니다.
Columbus Acquisition Corp a annoncé le prix de son introduction en bourse (IPO) de 6.000.000 d'unités à 10,00 $ par unité, pour un total de 60 millions $. Chaque unité comprend une action ordinaire et un droit de recevoir un septième d'une action ordinaire après avoir complété une combinaison d'affaires initiale.
Les unités seront échangées sur le Nasdaq Global Market sous le symbole COLAU à partir du 23 janvier 2025, avec les actions ordinaires et les droits étant échangés séparément sous COLA et COLAR respectivement. L'offre devrait se clore le 24 janvier 2025. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 900.000 unités supplémentaires afin de couvrir les surallocations.
A.G.P./Alliance Global Partners agit en tant que gestionnaire principal de livre, avec The Benchmark Company en tant que co-gestionnaire pour l'offre.
Columbus Acquisition Corp hat die Preisgestaltung für ihr Initial Public Offering (IPO) von 6.000.000 Einheiten zu je 10,00 $ pro Einheit bekannt gegeben, was insgesamt 60 Millionen $ entspricht. Jede Einheit umfasst eine Stammaktie und ein Recht, ein sieben-tel einer Stammaktie nach Abschluss einer anfänglichen Unternehmenszusammenführung zu erhalten.
Die Einheiten werden ab dem 23. Januar 2025 unter dem Symbol COLAU an der Nasdaq Global Market gehandelt, wobei die Stammaktien und die Rechte später separat unter COLA und COLAR gehandelt werden. Der Emissionstermin ist für den 24. Januar 2025 angesetzt. Das Unternehmen hat den Underwritern eine 45-tägige Option eingeräumt, bis zu 900.000 zusätzliche Einheiten für Überzuweisungen zu kaufen.
A.G.P./Alliance Global Partners fungiert als alleiniger Buchführer, während The Benchmark Company als Co-Manager für die Angebot fungiert.
- IPO raising $60 million through 6,000,000 units at $10.00 each
- Listing on major exchange (Nasdaq Global Market)
- 45-day over-allotment option for additional 900,000 units
- Blank check company structure carries inherent investment risks
- Dilutive effect of rights conversion (1/7 additional share per right)
Insights
Columbus Acquisition Corp's
The unit structure warrants attention: Each
For investors, several factors merit consideration:
- The
$60 million trust size limits the scope of potential acquisition targets to smaller private companies, typically valued between$200-400 million - The involvement of A.G.P. as lead underwriter, known for smaller-cap deals, suggests a focus on emerging growth sectors
- The 45-day over-allotment option for 900,000 additional units could potentially increase the trust to
$69 million if fully exercised
While the offering follows standard SPAC mechanics, its modest size and rights-based structure reflect broader market adaptation to post-boom dynamics, where smaller, more focused vehicles are becoming the norm. This approach may actually benefit investors by reducing competitive pressure for deals and allowing for more selective target acquisition strategies.
New York, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Columbus Acquisition Corp (the “Company”), a blank check company incorporated in the Cayman Islands, today announced the pricing of its initial public offering of 6,000,000 units at a price of
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.
A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering. The Benchmark Company, LLC is acting as the co-manager for the offering.
A registration statement relating to the securities, as amended (File No. 333-283278) was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 22, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus 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 and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 preliminary 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:
Columbus Acquisition Corp
Fen Zhang
Chairman and Chief Executive Officer
Email: eric.zhang@hercules.global
Tel: (+1) 949 899 1827
FAQ
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