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Columbus Acquisition (NASDAQ: COLA) extends deal; target shares fee

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Columbus Acquisition Corp extended the deadline to complete its initial business combination by one month, moving it from March 22, 2026 to April 22, 2026. Under its Charter, the deadline can be extended monthly up to January 22, 2027 by paying a $50,000 monthly extension fee into the trust account.

On or about March 23, 2026, the full $50,000 was deposited for public shareholders, with $25,000 funded from the company’s working capital and $25,000 funded by WISeSat.Space Corp. The target’s contribution was made under the existing business combination agreement dated November 9, 2025.

Positive

  • None.

Negative

  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Understanding 8-K Material Events →
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 23, 2026

 

COLUMBUS ACQUISITION CORP
(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-42485   N/A
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification Number)

 

14 Prudential Tower

Singapore 049712

(Address of principal executive offices)

 

(+1) 949 899 1827

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act.

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Units, consisting of one ordinary share, $0.0001 par value, and one Right to acquire one-seventh of one ordinary share   COLAU   The Nasdaq Stock Market LLC
Ordinary shares, par value $0.0001 per share   COLA   The Nasdaq Stock Market LLC
Rights, each whole right to acquire one-seventh of one ordinary share   COLAR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 8.01. Other Events.

 

Pursuant to the amended and restated memorandum and articles of association (the “Charter”) of Columbus Acquisition Corp, a Cayman Islands exempted company (the “Company”), the Company had until March 22, 2026 to complete its initial business combination, however the Company may extend the period of time to consummate a business combination up to January 22, 2027, each by a one-month extension, subject to the deposit of $50,000 (the “Monthly Extension Fee”) into the trust account of the Company (the “Trust Account”).

 

On or about March 23, 2026, an aggregate of $50,000 of the Monthly Extension Fee was deposited into the Trust Account for the public shareholders, which enabled the Company to extend the period of time it has to consummate its initial business combination by one month from March 22, 2026 to April 22, 2026. Among the Monthly Extension Fee, $25,000 was paid from the Company’s working capital, and the remaining $25,000 was paid by WISeSat.Space Corp., a British Virgin Islands business company (the “Target”) pursuant to that certain business combination agreement dated as of November 9, 2025 (as it may be amended, supplemented, or otherwise modified from time to time, the “Business Combination Agreement”) by and among the Company, the Target and other parties thereto in connection with a proposed business combination.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.   Description of Exhibits
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Columbus Acquisition Corp
     
  By: /s/ Fen Zhang
  Name:  Fen Zhang
  Title: Chief Executive Officer
     
Date: March 27, 2026    

 

 

2

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Columbus Acquisition Corp (COLA) announce in this 8-K?

Columbus Acquisition Corp disclosed it extended its initial business combination deadline by one month to April 22, 2026, after depositing a $50,000 monthly extension fee into its trust account for public shareholders, as permitted by its amended and restated Charter.

How long can Columbus Acquisition Corp (COLA) keep extending its merger deadline?

The company may extend the time to consummate its initial business combination up to January 22, 2027. It can do this in one-month increments, each requiring payment of a $50,000 monthly extension fee into the trust account under its Charter.

How was the $50,000 monthly extension fee for COLA’s trust account funded?

An aggregate $50,000 was deposited into the trust account on or about March 23, 2026. $25,000 came from Columbus Acquisition Corp’s working capital, and the remaining $25,000 was paid by WISeSat.Space Corp, the proposed business combination target.

Who is WISeSat.Space Corp in relation to Columbus Acquisition Corp (COLA)?

WISeSat.Space Corp is the proposed business combination target under a business combination agreement dated November 9, 2025. It contributed $25,000 toward the monthly extension fee, supporting Columbus Acquisition Corp’s extension of its merger timeline.

What is the significance of the trust account for COLA shareholders?

The trust account holds funds for public shareholders while Columbus Acquisition Corp seeks a business combination. Each monthly extension requires a $50,000 deposit into this account, which helps preserve value for public shareholders during the extended search period.

What corporate document governs COLA’s ability to extend its business combination deadline?

The company’s amended and restated memorandum and articles of association, referred to as the Charter, govern its extension rights. The Charter allows monthly extensions to January 22, 2027, conditioned on depositing a $50,000 monthly extension fee into the trust account.

Filing Exhibits & Attachments

4 documents

Other Documents