Columbus Acquisition Corp

Columbus Acquisition Corp (COLA), a Cayman Islands blank check company, reported net income of $1.3 million for FY 2025 ended December 31, 2025, compared to a net loss of $77,094 for the period from inception (January 18, 2024) through December 31, 2024. The profit was driven by $2.2 million in interest earned on the Trust Account, offsetting $947K in general and administrative expenses and a $947K operating loss. Post-IPO on January 24, 2025, which raised $60 million in gross proceeds from 6 million units at $10 each plus $2.3 million from private placement, the Trust Account holds $62.2 million as of year-end, supporting redeemable shares. Balance sheet shows total assets of $62.7 million, liabilities of $310K primarily related-party notes and payables, and shareholders' equity of $179K. Net cash used in operations was $583K, with investing outflow of $60 million to Trust and financing inflow of $61.1 million. Key forward-looking event: November 9, 2025 business combination agreement with WISeSat.Space entities valuing exchange consideration at $250 million at $10 per Pubco share; deadline extended via shareholder vote to March 22, 2026 (or up to January 22, 2027 with monthly $50K deposits), after $35.82 million redeemed from 3.45 million shares.

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