Columbus Acquisition Corp (NASDAQ: COLA) is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands on January 18, 2024, formed for the sole purpose of completing a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised $60,000,000 in gross proceeds through an IPO of 6,000,000 units at $10.00 per unit, completed January 24, 2025, with an additional $2,342,900 raised via a concurrent private placement of 234,290 units to its sponsor, Hercules Capital Management VII Corp. IPO and private placement proceeds are held in a trust account managed by Continental Stock Transfer & Trust Company. The company entered into a business combination agreement with an undisclosed target on November 9, 2025, with a deadline to close by March 22, 2026, extendable to January 22, 2027. CEO and Chairman is Dr. Fen "Eric" Zhang, who also leads Eureka Acquisition Corp (NASDAQ: EURK). CFO is Jie "Janet" Hu. The company has no full-time employees as of the filing date.

Revenue model

No operating revenue. The company holds IPO and private placement proceeds in a trust account and intends to deploy capital through a single business combination transaction. Monthly extension fees of $100,000 are deposited into the trust to extend the business combination deadline.

Products and services

Units consisting of one ordinary share ($0.0001 par value) and one right to receive one-seventh of one ordinary share upon completion of a business combination. 6,000,000 units sold in the IPO (January 24, 2025) and 234,290 private units sold to the sponsor. No target industry or geography is specified for the acquisition.

Customers and end markets

Public investors who participated in the IPO and the sponsor, Hercules Capital Management VII Corp. No operating customers or end markets as of the filing date (10-K filed March 19, 2026, for fiscal year ended December 31, 2025).

Value-chain role

Acquisition vehicle. Provides a publicly listed structure to identify, negotiate, and complete a business combination with a private operating company.

Geographic exposure

Incorporated in the Cayman Islands. Potential acquisition targets are not limited to a particular geographic location, per the 10-K filed March 19, 2026. CFIUS review implications noted for U.S.-based targets given potential foreign person classification.

Source: SEC 10-K, filed 2026-03-19

Industry: Blank Checks