COLA SEC filings, in plain English
Everything Columbus Acquisition Corp/Cayman Islands has filed with the SEC that we hold — 40 filings, newest first, 39 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Schedule 13G/A — an amendment to a beneficial ownership report filed by Meteora Capital, LLC. The provided excerpt discloses no adjustments to share counts, percentage holdings, acquisition dates, or purposes of the filing. It contains zero data bearing on the announced combination, extension voting timelines, shareholder redemption windows, the stated trust balance, or sponsor conduct. Why it matters: As a routine SEC submission, it merely confirms ongoing reporting obligations by Meteora Capital, LLC. No claims attributed to management, the sponsor, or third parties regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel appear in the excerpt. Without disclosed numerical revisions or strategic commentary, the filing introduces no actionable intelligence for investors tracking the 2027-01-21 deadline or capital preservation mechanics.
What changed: Amendment to a Schedule 13G, formally categorized by the SEC as a beneficial ownership report submitted by Meteora Capital, LLC for Columbus Acquisition Corp. According to the filing, Meteora Capital, LLC submitted an amended Schedule 13G tracking beneficial ownership of COLA securities. The provided excerpt discloses no updated share quantities, aggregate ownership percentages, or acquisition transaction dates. The document contains no statements regarding the 2027-01-21 termination deadline, alterations to the $10.671241562747902 per-share trust account, extension mechanics, pending target combination progress, or sponsor governance and conduct. Why it matters: The amendment updates public records of institutional capital positioning relative to the announced deal timeline, which helps investors monitor stakeholder alignment ahead of the redemption window. Because the text omits numerical positions and merger-specific covenants, the filing does not independently alter the structural parameters governing shareholder redemption rights, the mechanical distribution framework tied to the $10.671241562747902 trust baseline, or the sponsor’s fiduciary obligations through the 2027-01-21 deadline. Substantive impact on deal viability depends exclusively on the unattached schedules disclosing whether Meteora’s interest crossed, maintained, or fell below statutory reporting thresholds.
What changed: Routine compliance exhibit (Schedule 13G/A beneficial ownership report accompanied by an Exhibit A Joint Filing Agreement under Rule 13d-1(k)). The filing formalizes a joint reporting obligation between Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr., with both parties signing to submit the 13G statement and any future amendments on behalf of each other. The text reports no adjustments to the 2027-01-21 redemption deadline, the $10.671241562747902 trust/share balance, extension voting procedures, business combination status, or sponsor conduct. Why it matters: Because the document contains only the procedural joint-filing language mandated by SEC rules, it does not advance the redemption calendar, adjust trust valuations, signal extension maneuvers, disclose acquisition targets, or reveal sponsor commitments. Beyond the joint-reporting mechanism, the exhibit contains no assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or key personnel. For investors tracking the mechanics above, this submission provides zero incremental signal and serves exclusively as an administrative filing formality that leaves all previously reported positions and SPAC operational timelines unchanged.
What changed: Joint Filing Agreement (Exhibit A) attached to a Schedule 13G/A beneficial ownership report. The filing records a joint reporting coordination executed on August 7, 2026, by Harraden Circle Investments, LLC and its managing member, Frederick V. Fortmiller, Jr., for their Columbus Acquisition Corp. positions. The provided excerpt discloses no amendments to share counts, ownership percentages, or stated investment purposes, and does not alter the referenced trust value of $10.671241562747902 per share, the 2027-01-21 redemption deadline, or any extension status. Why it matters: Because the text contains only the procedural consent language required by Rule 13d-1(k), it makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel attributable to management or the holders. Consequently, it provides no signal regarding sponsor conduct, deal progress, or holder intent to redeem, vote, or request a period of extension. Investors tracking capital event timelines will find no operative changes to the redemption calendar or trust mechanics, though the filing confirms structured regulatory reporting alignment between the LLC and its principal.
What changed: A Form 8-K filed pursuant to Rule 425 that functions as written communications in connection with a proposed business combination, simultaneously disclosing a First Amendment to the Business Combination Agreement and a PIPE subscription agreement. According to the registrant, the parties amended the definitive merger agreement to reset the Outside Date to October 31, 2026. Separately, Pubco and the Target executed a Subscription Agreement with SEALSQ Corp. to purchase $10,000,000 in Pubco Ordinary Shares contemporaneously with closing, priced at the Redemption Price. Based on an assumed Redemption Price of approximately $10.66 per share as of June 30, 2026, the filing states this would yield 938,086 Pubco Ordinary Shares. The agreement requires additional shares if the VWAP for the 10 consecutive trading days ending on the 60th calendar date after closing drops below the PIPE Purchase Price, subject to a floor of $5.00 per share. Why it matters: The amended Outside Date mechanically resets the deadline for terminating the merger and forces a synchronized proxy voting and redemption window, directly impacting when trust accounts may be distributed or locked. The PIPE structure prices equity against the statutory Redemption Price while attaching a post-close performance ratchet that could alter public float dilution and sponsor economics depending on post-merger trading levels. Executives including Fen Zhang, Carlos Moreira, Gwenael Rouy-Poirier, and John O’Hara formally attested to these contractual terms. The document contains no standalone commercial claims regarding customer retention, historical revenue, total addressable market size, technological roadmap details, partnership agreements, or pending litigation; all remaining substance is confined to procedural compliance disclosures, forward-looking risk factors prepared by management and counsel, and standard proxy routing instructions directed to eric.zhang@herculescapital.group and www.sec.gov.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2026-10-31 · unchanged
The clause …“in the BCA. Pursuant to the First Amendment, the parties agreed to extend the Outside Date to October 31, 2026. The foregoing summary of the First Amendment does not purport to be complete and is qualified in its entirety by reference”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 8-K current report containing a First Amendment to a Business Combination Agreement and a Regulation FD disclosure detailing a PIPE Subscription Agreement. Pursuant to the First Amendment executed on August 6, 2026, the Outside Date for closing the merger between Columbus Acquisition Corp, WISeSat.Space Holdings Corp., WISeSat Merger Sub Corp., WISeSat.Space Corp., WISeKey International Holding Ltd., and SEALSQ Corp has been formally extended to October 31, 2026. Concurrently, the registrant, Pubco, and the Target signed a subscription agreement committing SEALSQ Corp to invest $10,000,000 in Pubco Ordinary Shares timed to close simultaneously with the business combination. The filing specifies that these subscription shares will purchase at the company’s Redemption Price. Relying on a stated assumption that the Redemption Price equaled approximately $10.66 per share on June 30, 2026, the registrant projects an initial issuance of 938,086 Pubco Ordinary Shares. The agreement also binds Pubco to issue Additional Subscription Shares if the volume weighted average price of those shares over any 10 consecutive trading days ending on the 60th calendar date after closing trades below the purchase price, calculating extra shares by dividing the PIPE Investment Amount by that trailing VWAP, with the denominator capped at a $5.00 per share floor. Why it matters: The October 31, 2026 deadline alteration directly repositions the redemption calendar and liquidity timeline for public shareholders, pushing the mandatory termination trigger well past the original agreement window and preserving deal continuity ahead of broader governance milestones. Because the $10,000,000 PIPE prices equity strictly at the actual Redemption Price rather than a fixed baseline, substantial public redemptions will not force the sponsor to replace depleted trust cash at a static discount, thereby protecting remaining shareholders from typical fixed-price PIPE dilution mechanics. The post-closing VWAP adjustment introduces conditional equity upside for the PIPE investor but mathematically floors future issuance costs at $5.00 per share. The registrant, along with signing officers Fen Zhang, Carlos Moreira, Gwenael Rouy-Poirier, and John O’Hara, made zero factual assertions in this submission regarding underlying satellite constellation capacity, contracted customer backlogs, forward-looking revenue multiples, competitive market sizing, strategic technology roadmaps, third-party partnership commercialization, or active litigation exposure; all economic and structural terms originate exclusively from the executed contractual instruments rather than independent operational forecasts.
outside date1 moved
- Outside date
- 2026-07-222026-10-31
SpacBrain reads this as 101 days later than the previous record.
The clause …“in the BCA. Pursuant to the First Amendment, the parties agreed to extend the Outside Date to October 31, 2026. The foregoing summary of the First Amendment does not purport to be complete and is qualified in its entirety by reference”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Routine compliance exhibit (Form 8-K Current Report) disclosing the issuance of extension fee promissory notes, trust claim waivers, and corresponding timeline adjustments. Pursuant to the amended and restated Charter, the Company originally held until June 22, 2026 to complete its initial business combination but extended that window by one month to July 22, 2026 following an aggregate $50,000 Monthly Extension Fee deposit into the Trust Account, with the Charter permitting further extensions up to January 22, 2027. According to the filing, the Sponsor (Hercules Capital Management VII Corp.) contributed $25,000 and the Target (WISeSat.Space Corp.) contributed $25,000 to fund the deposit. On July 29, 2026, the Company issued two unsecured promissory notes reflecting those contributions: a $25,000 Target Extension Note and a $25,000 Sponsor Extension Note. Both notes accrue no interest, mature upon the earliest of business combination consummation, contractual termination, or Company winding up, and grant each payee a non-obligatory conversion right into private units priced at $10.00 per unit. The Target Extension Note additionally provides that if the Company terminates the November 9, 2025 Business Combination Agreement under Section 10.1(e) and closes with a different target, the Target may elect to convert the outstanding amount into common or ordinary shares of the surviving entity at $5.00 per share. Both notes contain express clauses stripping the payees of any right, title, interest, or claim against the Trust Account or public shareholder distributions. Why it matters: This filing mechanically preserves the redemption deadline trajectory while restructuring the extension financing. By allocating half the $50,000 extension cost to the Target, WISeSat.Space Corp. demonstrated alignment with the merger timeline; however, the Company simultaneously incurred $50,000 in unsecured debt obligations, documented in Exhibits 10.1 and 10.2. The attached Trust Waivers permanently insulate the Trust Account from creditor action by either party, ensuring public shareholder proceeds remain untouched per the January 22, 2025 IPO Prospectus framework. Operational disclosures remain standard: Forward-looking statements warn of generic execution risks, including redemption levels exceeding assumptions, Nasdaq initial listing compliance, third-party intellectual property licensing dependency, supply chain exposure, and the Target's likely need for future capital raises, but provide no concrete customer counts, revenue trajectories, market sizing parameters, strategic product roadmaps, or active litigation references. Governance continuity is confirmed through Chief Executive Officer Fen Zhang's execution of the 8-K and both notes, with Target executives Carlos Moreira (Chief Executive Officer) and Gwenael Rouy-Poirier (Chief Financial Officer) acknowledging the Target Note. The submission functions as a Rule 425 written communication previewing imminent proxy statement/prospectus filings.
What changed: A Form 8-K Current Report filed concurrently as a Rule 425 written communication disclosing the execution of unsecured promissory notes to fund a monthly trust account deposit for a business combination deadline extension. According to the filing, Columbus Acquisition Corp deposited $50,000 into its trust account to exercise a one-month extension, shifting its initial business combination deadline from June 22, 2026, to July 22, 2026. The filing states that Hercules Capital Management VII Corp. (the Sponsor) and WISeSat.Space Corp. (the Target) each financed half of this fee by executing $25,000 unsecured promissory notes on July 29, 2026. Both notes bear no interest and grant the payees the unilateral right to convert the outstanding principal into private units at $10.00 per unit upon consummation of a business combination. The exhibits attach the full notes, which include a mandatory trust waiver by both the Sponsor and Target, explicitly releasing any claims against the trust account or public distributions. Per the amended and restated memorandum and articles of association, the Company may continue extending the period up to January 22, 2027, subject to subsequent $50,000 deposits. The filing also reiterates the underlying business combination agreement originally dated November 9, 2025. Why it matters: The extension deposit preserves the public shareholder redemption window through at least July 22, 2026, maintaining the documented trust value of $10.671241562747902 per share while delaying the liquidation trigger. Co-financing the extension via promissory notes rather than immediate cash reduces the Sponsor's near-term capital deployment while economically tying the Target's willingness to proceed with the merger. The notes' conversion pathways and explicit trust waivers clarify that these instruments do not compete with public shareholders for trust proceeds upon termination, but they do introduce potential post-combination dilution if converted. The documentation signals that management and the target remain aligned on pursuing the proposed transaction, though the proxy statement/prospectus materials necessary for shareholder voting remain pending.
What changed: A Form 8-K filed under Securities Act Rule 425, serving as a written communication that discloses the creation of two unsecured promissory notes to finance a one-month extension of the initial business combination deadline, supplemented by two attached promissory note exhibits detailing conversion mechanics, repayment triggers, and explicit trust account waivers. According to Item 2.03 of the filing, Columbus Acquisition Corp. extended its business combination deadline from July 22, 2026, to August 22, 2026, by depositing $50,000 into the Trust Account. Per the same item, the Company issued two unsecured promissory notes on July 30, 2026: a $25,000 note to the Sponsor (Hercules Capital Management VII Corp.) and a $25,000 note to the Target (WISeSat.Space Corp.), splitting the $50,000 Monthly Extension Fee equally. Both notes accrue zero interest and grant payees the unilateral right to convert outstanding principal into private units at $10.00 per unit upon business combination consummation. Exhibit 10.1 stipulates that if the Company terminates the Business Combination Agreement under Section 10.1(e) and consummates an alternative merger, the Target may elect either cash repayment or conversion into common shares of the new combined entity at $5.00 per share. Exhibit 10.2 mirrors these terms for the Sponsor but omits the alternative-merger conversion path, tying repayment strictly to business combination consummation or winding up. Both exhibits require the Target and Sponsor to irrevocably waive all claims against the Trust Account and public shareholder distributions. The filing further attaches lock-up and transfer restrictions prohibiting the Sponsor and Target from selling converted securities until business combination completion or lock-up expiration, respectively. Why it matters: The extension advances the redemption calendar by exactly one month to August 22, 2026, recalibrating the timeframe during which public shareholders may exercise redemption rights prior to the anticipated proxy solicitation. By structuring the $50,000 extension fee as non-interest-bearing debt rather than direct equity or cash drawdowns, the Company preserves Trust Account liquidity while contractually obligating the Target to backstop half the timing cost. As outlined in Exhibit 10.1, the contingent $5.00-per-share conversion right embedded in the Target’s note introduces asymmetric dilution exposure: if the acquirer abandons WISeSat.Space Corp. under Section 10.1(e) to pursue another candidate, the Target secures a statutory entry point into the successor cap table at a below-market strike price. The bilateral trust account waivers, drafted by the Company and acknowledged by both payees, legally ringfence the Trust Account from extension-related creditor litigation, ensuring public shareholder distributions remain undiluted by financing costs. Forward-looking statements and the enumerated risk factors (i) through (xxiv), provided by Pubco, the Company, the Seller, and the Target, repeatedly caveat uncertainties regarding shareholder redemption volumes, regulatory clearances, intellectual property licensing, and the Target’s independent capital requirements. As authenticated by Chief Executive Officer Fen Zhang on August 4, 2026, the filing confirms that the $10.00 conversion ceiling aligns with the IPO prospectus framework, effectively locking private placement economics to the extension financing without adjusting public share par values or trust per-share accounting.
What changed: Form 8-K Current Report disclosing the execution of two unsecured convertible promissory notes to fund a monthly trust account deposit that extends the SPAC’s business combination timeline, constituting an entry into material definitive agreements and the creation of direct financial obligations. Per the filing, Columbus Acquisition Corp. extended its initial business combination window by one month, shifting the interim deadline from July 22, 2026 to August 22, 2026, by depositing $50,000 into the trust account for public shareholders on July 21, 2026. The document states that the $50,000 Monthly Extension Fee was funded equally: $25,000 by Hercules Capital Management VII Corp. (identified as the Sponsor) and $25,000 by WISeSat.Space Corp. (identified as the Target), pursuant to the business combination agreement dated as of November 9, 2025 involving Pubco (WISeSat.Space Holdings Corp.), Merger Sub, and Seller (WISeKey International Holding Ltd.). To evidence these payments, the company issued a Target Extension Note and a Sponsor Extension Note on July 30, 2026, each carrying a principal amount of $25,000. According to Exhibits 10.1 and 10.2, both notes bear no interest and mature upon the earliest of (i) termination of the agreement under Section 10.1(e), (ii) consummation of the business combination, or (iii) effective winding up. The text confirms that each payee holds the right, but not the obligation, to convert the outstanding principal into private units at $10.00 per unit, with each unit consisting of one ordinary share and a right to receive one-seventh (1/7) of an ordinary share post-closing. Notably, Exhibit 10.1 adds that if the company terminates the November 9, 2025 agreement under Section 10.1(e) and completes a combination with a different entity, the Target may elect conversion into that successor company’s shares at $5.00 per share. Both notes include explicit trust waivers stating the payees relinquish all claims against the trust account or public distributions. Under Item 3.02, the filing specifies that Sponsor-converted units are transfer-restricted until business combination completion, while Target-converted units or shares remain locked until the expiration of the Lock-Up Period. Chief Executive Officer Fen Zhang signed the report and notes on August 4, 2026. The document also incorporates standard forward-looking risk disclosures addressing redemption volatility, Nasdaq listing compliance, intellectual property licensing, supply chain exposure, and regulatory approval timelines for the proposed transaction. Why it matters: The filing mechanically advances the SPAC’s operational countdown to August 22, 2026 while preserving the absolute liquidation deadline of January 22, 2027. By structuring 50% of the $50,000 extension fee as an unsecured loan from the target rather than pure sponsor equity/cash, the capital contribution dynamic shifts, and the $10.00-per-unit conversion option introduces latent dilution pressure on the post-close cap table if exercised. The $5.00-per-share fallback conversion clause embedded in the Target Note creates a variable liability path should the primary deal collapse early, potentially complicating any replacement acquisition. Public shareholders’ trust balances remain insulated from creditor claims due to the explicit waivers, maintaining standard redemption waterfall priority. Transfer restrictions delay immediate secondary market supply from converted notes, but investors tracking the January 22, 2027 expiry must monitor whether additional $50,000 monthly deposits execute as scheduled. The absence of interest accrual and the specific maturity triggers indicate low short-term liquidity strain, yet the unregistered security issuance and accompanying registration rights provisions warrant review for future liquidity unlocking sequences.
What changed: Quarterly Report (Form 10-Q) for the period ended June 30, 2026, filed by Columbus Acquisition Corp, a blank-check SPAC. Trust value fell from $62.23M to $27.21M after ~$35.83M was released to redeem 3,449,851 shares following the January 2026 extension vote. The sponsor and target have funded $350k in monthly extension fees via notes; as of Aug 3, 2026, $250k in unsecured notes are outstanding. Working capital deficit reached $483k, with only $8k cash and a going concern warning. Nasdaq compliance was regained for MVLS but the company remains non-compliant on minimum holders, with an extension to Nov 18, 2026. Two notes for July extension fees ($50k total) were deposited post-period. Why it matters: The trust now holds only $27.2M ($10.67 per share) for 2.55M public shares, meaning a potential 57.5% public share count reduction since IPO. With deadline extended only to Jan 22, 2027, and cash nearly depleted, the ability to close the WISeSat deal or avoid liquidation rests entirely on continued sponsor/target funding and Nasdaq compliance.
combination deadline, going-concern doubt, redeemable sharesnothing moved · 3 with no prior record of ours
- Combination deadline
- 2027-01-22 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 2.55M · unchanged
The clause …“rights will expire and become worthless if the Company does not consummate a Business Combination by January 22, 2027, unless the Company extends the Combination period. Each Private Placement Unit is identical to the Public Units sold”…
The clause …“acceptable terms, if at all. The Company’s liquidity condition raises substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the accompanying”…
The clause “0,000,000 shares authorized, 1,944,290 shares issued and outstanding (excluding 2,550,149 and 6,000,000 shares subject to possible redemption as of June 30, 2026 and December 31, 2025, respectively) 194 194 (Accumulated deficit) Retained”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: An Amendment No. 1 to Form 8-K filed pursuant to Rule 425 to correct a prior current report regarding the funding source of a monthly extension fee, accompanied by Exhibit 10.1 (Target Extension Promissory Note) and Exhibit 10.2 (Sponsor Extension Promissory Note). Per the amended disclosure, the Company deposited $50,000 into its Trust Account on May 21, 2026, which extended the business combination deadline from May 22, 2026 to June 22, 2026 (subject to a contractual cap of January 22, 2027). According to the filing, $25,000 of the fee came from Hercules Capital Management VII Corp. (the Sponsor) and $25,000 from WISeSat.Space Corp. (the Target). Consequently, the Company issued two unsecured promissory notes carrying no interest: a $25,000 note to the Sponsor dated July 29, 2026, and a $25,000 note to the Target dated May 21, 2026. Under the note terms signed by Chief Executive Officer Fen Zhang, the holders may elect to convert the outstanding balances into private units at $10.00 per unit upon closing. The Target Extension Note, acknowledged by Target CEO Carlos Moreira and CFO John O’Hara, also provides a fallback conversion right into common shares at $5.00 per share if the Company terminates the Business Combination Agreement under Section 10.1(e) and pairs with a different entity. Both payees contractually waived all recourse to the Trust Account or public shareholder distributions. The accompanying text identifies the proposed transaction parties as Pubco WISeSat.Space Holdings Corp., Merger Sub WISeSat Merger Sub Corp., Seller WISeKey International Holding Ltd., and the Target. Why it matters: This correction materially shifts the extension financing profile from a sponsor-only model to a co-funded arrangement, embedding $50,000 in direct financial obligations that could convert to equity or trigger cash payouts depending on merger execution or termination paths. It preserves the redemption window through June 22, 2026 while confirming continued operational alignment toward the WISeSat/WISeKey combination. Investors monitoring trust integrity will note the explicit trust waiver clauses binding both the sponsor and target to non-recourse status, while the specified conversion metrics ($10.00 per unit, $5.00 per share alternative) establish baseline valuation anchors for post-combination dilution calculations without importing external trust assumptions.
What changed: Form 8-K Current Report under Item 3.01 notifying shareholders that The Nasdaq Stock Market LLC has granted an extension to regain compliance with Listing Rule 5450(a)(2), commonly referred to as the Minimum Holders Rule. Nasdaq staff notified Columbus Acquisition Corp on July 28, 2026 that it was granted an extension through November 18, 2026 to regain compliance with the Minimum Holders Rule. This follows a separate written notice dated May 22, 2026 stating the Company did not initially meet the rule's requirements, after which the Company submitted a plan of compliance on July 2, 2026. The filing confirms the SPAC's January 21, 2027 business combination deadline and the exact trust value of $10.671241562747902 per ordinary share remain unaffected by this listing administration action. Why it matters: Nasdaq's four-month extension temporarily halts delisting procedures while management works to satisfy post-merger shareholder count thresholds, addressing secondary market liquidity risks that could otherwise deter public trading. The sequence of notices (May 22 non-compliance, July 2 plan submission, July 28 extension approval) demonstrates active regulatory scrutiny of the issuer's capital structure breadth following the deal announcement. Chief Executive Officer Fen Zhang signed the July 31, 2026 report, confirming executive oversight of the listing standard remediation efforts as the firm navigates toward the January 21, 2027 redemption cutoff.
What changed: Form 8-K/A amendment correcting attribution of a monthly extension fee payment, accompanied by two unsecured convertible promissory notes. The filing amends a Current Report on Form 8-K (originally filed May 22, 2026) to specify that the $50,000 Monthly Extension Fee deposited into the Trust Account on May 21, 2026 was split equally: $25,000 paid by Hercules Capital Management VII Corp (the Sponsor) and $25,000 paid by WISeSat.Space Corp. (the Target). In return, the Company executed a $25,000 Target Extension Promissory Note dated May 21, 2026 and a $25,000 Sponsor Extension Promissory Note dated July 29, 2026. According to the notes, both instruments are unsecured, bear no interest, mature upon the earliest of consummation of the initial business combination, applicable contract termination, or corporate winding-up, and carry conversion rights permitting payees to exchange outstanding balances into private units at $10.00 per unit upon closing. The Target note specifically allows conversion into shares of an alternative merging entity at $5.00 per share if the Company terminates the November 9, 2025 Business Combination Agreement under Section 10.1(e). The extension deposit operationally shifted the immediate deadline from May 22, 2026 to June 22, 2026, functioning within the broader January 22, 2027 deadline authorized by the Charter. Both agreements explicitly waive any payee claims against the Trust Account or public distributions. Why it matters: Tracking this amendment reveals how extension capital is allocated between sponsor and target, directly informing future equity dilution calculations through the documented conversion mechanisms and establishing clear downside scenarios if termination negotiations occur. The structural separation of extension financing from trust principal confirms that shareholder redemption economics remain isolated from sponsor/target lending arrangements. Outside core mechanics, the submission reiterates the Business Combination Agreement framework involving WISeSat.Space Holdings Corp., WISeSat Merger Sub Corp., Pubco, and Seller WISeKey International Holding Ltd., while appending standard forward-looking risk narratives covering anticipated timing, implied enterprise value, IP licensing success, product commercialization, supply chain resilience, and third-party regulatory approvals. The report was formally executed and submitted by Chief Executive Officer Fen Zhang on July 31, 2026.
What changed: SEC Form 425 press release and prospectus-related communication announcing the confidential submission of an amended draft registration statement on Form F-4 with the U.S. Securities and Exchange Commission. This filing reports that Pubco (WISeSat.Space Holdings Corp) confidentially submitted an amended draft Form F-4 to the SEC on May 29, 2026, relating to a definitive Business Combination Agreement dated November 9, 2025. The proposed structure would cause WISeSat and Columbus Acquisition Corp (CAC) to become subsidiaries of Pubco, with the combined entity expected to trade on Nasdaq under the ticker symbol “WSAT.” The filing identifies closing conditions as CAC shareholder approval, SEC declaration of effectiveness for the registration statement, and Nasdaq listing approval. Advisory roles are confirmed: Maxim Group LLC acts as exclusive financial advisor to WISeKey; Ellenoff Grossman & Schole LLP acts as legal advisor to WISeSat and Pubco; and Loeb & Loeb LLP acts as legal advisor to CAC. The filing does not alter the trust value per share, does not propose an extension, does not set a new redemption or vote date, and references only the existing January 21, 2027 deadline contextually through standard forward-looking risk language. Why it matters: Advancing the amended draft F-4 pushes the business combination past initial confidentiality review toward eventual public prospectus distribution and a formal shareholder solicitation. Until the SEC declares the statement effective, CAC shareholders lack a voting opportunity and therefore cannot exercise redemption rights tied to this specific transaction. The filing supplies substantive operational descriptions and executive commentary that inform the post-merger thesis. Per the “About WISeSat” section, WISeSat owns WISeSat.Space AG and describes itself as developing a nanosatellite constellation designed to deliver real-time, low-cost, and secure IoT connectivity for energy, logistics, infrastructure, and climate monitoring sectors, utilizing advanced encryption and distributed ledger integration to enable tamper-proof, decentralized communication frameworks. Carlos Moreira, Chief Executive Officer of WISeSat, frames the confidential submission as a critical milestone toward creating a “European model for sovereign, quantum-resilient communications infrastructure,” asserting that next-generation trusted connectivity requires securing satellite infrastructure, post-quantum technologies, and digital identity working together from orbit. Separately, WISeKey’s corporate overview states it has deployed over 1.6 billion microchips across various IoT sectors and claims its semiconductors generate Big Data that, when analyzed with AI, enable predictive equipment failure prevention. CAC management is listed as Fen “Eric” Zhang, Chairman and Chief Executive Officer, and Jie “Janet” Hu, Chief Financial Officer. Because these commercial, technological, and market-position assertions originate solely from corporate biographical copy and executive statements rather than audited financials or independent validation, they constitute promotional representations that require verification upon the eventual public filing of the registered proxy/prospectus.
What changed: Form 8-K Current Report (Item 3.01) disclosing regained compliance with Nasdaq’s Minimum Market Value of Listed Securities (MVLS) rule after a prior deficiency notice. Nasdaq notified the registrant on May 28, 2026 that its MVLS met or exceeded the $50 million requirement for the 10 consecutive business days ending May 27, 2026, closing the investigation triggered by the May 22, 2026 notice regarding a 30-day shortfall under Listing Rule 5450(b)(2)(A). Mechanics governing the January 21, 2027 deadline, redemption rights, trust distribution schedule, and target acquisition status remain entirely unchanged. Why it matters: Listing compliance preserves exchange-traded liquidity and prevents delisting protocols that could disrupt secondary market pricing ahead of the redemption deadline. The Nasdaq Staff’s determination that the matter is closed removes a near-term operational risk for shareholders evaluating whether to hold or redeem. CEO Fen Zhang signed the disclosure on May 29, 2026; however, the filing provides zero information regarding proposed business combination targets, merger agreement terms, sponsor promotional interests, working capital sufficiency, or any amendments to the trust distribution mechanics.
What changed: SEC Form 8-K Current Report. This document IS a routine compliance exhibit and regulatory disclosure responding to Nasdaq listing standards. On May 22, 2026, Nasdaq notified the Company it failed to maintain the required minimum of 400 holders, granting until July 6, 2026, to submit a compliance plan. Simultaneously, Nasdaq noted the market value of listed securities fell below $50 million for 30 consecutive business days, triggering a 180-day cure period ending November 18, 2026, requiring at least 10 consecutive business days of valuation at or above $50 million. These listing mechanics do not currently amend the January 21, 2027 business combination deadline, nor do they modify trust account distribution procedures or trigger automatic redemptions, but prolonged exchange non-compliance historically elevates redemption risk ahead of SPAC maturities. Why it matters: The listing deficiency notices carry no immediate delisting effect, but the Company’s forward-looking statements warn that 'Actual results may vary materially' depending on Nasdaq’s acceptance of a compliance plan, verification of 400 holders, or restoration of market capitalization metrics. Chief Executive Officer Fen Zhang attested that management is 'monitoring its MLVS and evaluating options to regain compliance,' while explicitly disclaiming any assurance of success. The filing contains no new target selection details, revenue forecasts, customer claims, technology disclosures, partnership announcements, or litigation updates. Investors should anticipate heightened governance scrutiny and potential exchange reclassification before the January 21, 2027 deadline, which may force a faster resolution of the pending business combination or elevate shareholder exit activity through the trust.
What changed: A Form 8-K Current Report and attached Exhibit 10.1 (a Convertible Promissory Note) reporting the deposit of a monthly extension fee into the trust account, the creation of a direct financial obligation to fund half of that fee, and the administrative extension of the initial business combination deadline. Per the 8-K signed by Chief Executive Officer Fen Zhang, Columbus Acquisition Corp deposited an aggregate of $50,000 into the Trust Account on May 21, 2026, exercising a one-month extension option under its Charter. This pushes the initial business combination deadline from May 22, 2026 to June 22, 2026. According to the filing, $25,000 was drawn from the Company’s working capital and $25,000 was paid by the proposed Target, WISeSat.Space Corp. To facilitate the Target’s portion, the Company issued an unsecured, non-interest-bearing promissory note maturing upon the earliest of Business Combination consummation, Business Combination Agreement termination, or effective winding-up. The note grants WISeSat.Space Corp. conversion rights to exchange the outstanding principal into private units at $10.00 per unit (each comprising one ordinary share and a right to acquire one-seventh of one ordinary share) upon closing, or alternatively into post-combination public shares at $5.00 per share if the Company terminates the original agreement and completes a merger with a different entity. WISeSat.Space Corp. also executed Section 10 of the note, an irrevocable waiver releasing all claims against the Trust Account and public distributions. Why it matters: The extension buys exactly one month in the redemption calendar without modifying public trust balances or triggering additional sponsor contributions, but it materially alters the deal’s financing structure by embedding Target-sourced debt into the SPAC’s obligations. The $25,000 note creates a fixed settlement requirement at closing that shifts part of the extension cost away from the sponsor and onto WISeSat.Space Corp., while the $10.00 conversion price and alternative $5.00 share price establish asymmetric equity participation and downside protection for the Target. Forward-looking statements and risk factors attributed to Pubco, the Seller, and the Company in the filing outline anticipated timing, implied enterprise value, expected pro forma results, and contingencies including potential redemption overages, failure to satisfy Nasdaq listing standards, regulatory approvals, supply chain vulnerabilities, intellectual property licensing limitations, and post-combination growth management risks. The filing makes no substantive claims regarding specific customer contracts, historical revenue figures, market size metrics, proprietary technology specifications, partnership agreements, ongoing litigation, or personnel changes beyond identifying Fen Zhang as Chief Executive Officer, Carlos Moreira as Target Chief Executive Officer, and John O’Hara as Target Chief Financial Officer.
What changed: A Form 8-K filed pursuant to Rule 425 under the Securities Act of 1933 that discloses the deposit of a monthly extension fee into the Trust Account and the concurrent issuance of a Target Extension Promissory Note to WISeSat.Space Corp. Per the filing, Columbus Acquisition Corp. deposited $50,000 into the Trust Account on May 21, 2026, which mechanically extended the business combination deadline from May 22, 2026 to June 22, 2026. According to Item 2.03, $25,000 was funded from corporate working capital and $25,000 was paid by the transaction target, WISeSat.Space Corp., pursuant to the Business Combination Agreement dated November 9, 2025. In exchange, the Company issued an unsecured promissory note for $25,000 that bears no interest and matures on the earliest of (i) agreement termination (excluding termination by the Company under Section 10.1(e)), (ii) consummation of the initial business combination, or (iii) the effective winding-up date. The payee holds the contractual right to convert the unpaid balance into private units at $10.00 per unit upon a successful closing. If the Company terminates the agreement under Section 10.1(e) and completes a business combination with a different target, the payee may instead elect conversion into shares of that new entity at $5.00 per share, subject to equitable adjustment. The payee simultaneously executed an irrevocable waiver releasing all claims against the Trust Account and public distributions. Why it matters: The deposit alters the redemption timeline by granting a one-month reprieve until June 22, 2026, delaying any forced liquidation or redemption window triggered by the prior deadline. Structurally, the filing reveals that the target rather than the sponsor absorbed half the extension cost, but introduced a $25,000 corporate liability with fixed-price conversion features that will impact post-combination ownership. The explicit trust waiver protects public shareholder funds from creditor claims stemming from this financing arrangement. According to the forward-looking statements section attributed to Pubco, the Company, the Seller, and the Target, investors should note that redemptions may exceed anticipated levels, the proposed business combination faces risks including failure to obtain shareholder or regulatory approvals, and the target contends with challenges regarding intellectual property licensing, supply chain disruptions, and the necessity to raise additional capital. Executive personnel identified in the signature blocks and notice addresses include Fen Zhang (Chief Executive Officer of Columbus Acquisition Corp.), Carlos Moreira (Chief Executive Officer of WISeSat.Space Corp.), John O’Hara (Chief Financial Officer of WISeSat.Space Corp.), and legal counsel representatives Ted Paraskevas (Loeb and Loeb LLP) and Barry I. Grossman and Matthew A. Gray (Ellenoff Grossman & Schole LLP).
What changed: Schedule 13G/A — beneficial ownership report. This document IS a Schedule 13G/A — beneficial ownership report filed by Meteora Capital, LLC. Regarding deal mechanics, the filing states no alterations to the redemption timeline, trust account valuation, extension provisions, transaction progress, or sponsor conduct. Regarding other substance, the submission contains no information on customers, revenue streams, market dimensions, strategy, technology, partnerships, litigation, or personnel. Why it matters: Beneficial ownership amendments allow investors to monitor whether Meteora Capital, LLC is adjusting its position relative to the existing trust value and the stated redemption deadline. Because the excerpt lacks a reported change in share count, voting power, or redemption intent, it does not currently indicate a shift in liquidity pressure, extension risk, or sponsor alignment that would materially alter the announced combination’s path.
What changed: Routine compliance exhibit attached to a Schedule 13G/A filing: two Limited Powers of Attorney delegating SEC Form 13G/A execution and filing authority. The filing bears no changes to COLA’s redemption deadline (2027-01-21), trust/share value ($10.671241562747902), extension status, deal progress, or sponsor conduct. The sole mechanical update is the formal delegation to Takahiro Katsura, Managing Director, Head of Global Branches & Subsidiaries Coordination Office, to execute, amend, and timely file Form 13G/A on behalf of Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC, with explicit acknowledgments that the attorney-in-fact assumes no Section 13 compliance liability. Why it matters: This administrative instrument does not alter COLA’s trust mechanics, shareholder redemption rights, or merger trajectory. Regarding substance, the executing companies represent their corporate structures and offices as follows: Mizuho Bank, Ltd. designates its principal business office at 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan as 'A non-U.S. institution equivalent to Bank'; Mizuho Americas LLC identifies its principal business office at 1271 Avenue of the Americas, NY, NY 10020, USA as 'A parent holding company'; and Mizuho Securities USA LLC lists its principal business office at 1271 Avenue of the Americas, NY, NY 10020, USA as 'A registered Broker-Dealer'. The powers were granted by Shuji Matsuura (Senior Managing Corporate Executive, Head of Global Corporate & Investment Banking) and Adam Hopkins (Chief Legal Officer/Managing Director, General Counsel) on 5-14-2026, remaining in force until the signatories no longer require Form 13G filings for COLA securities.
What changed: Quarterly report on Form 10-Q for the quarter ended March 31, 2026, presenting unaudited financial statements and updates on the proposed business combination with WISeSat.Space Corp. Trust account fell to $26.8 million (from $62.2 million) after 3,449,851 public shares were redeemed for ~$35.8 million in January 2026. Working capital deficit of $196,690. Subsequent to quarter end, $50,000 in extension fees extended the deadline to May 22, 2026, and a $100,000 promissory note was issued to the target for its share of extension payments. Why it matters: The large redemption reduced trust assets by over half, leaving the SPAC with a smaller capital base for the $250 million WISeSat transaction. The company disclosed substantial doubt about its ability to continue as a going concern. The deal remains pending with no proxy statement yet effective, and cash outside trust is minimal ($129k).
What changed vs 2025-11-06deadline 2026-01-22 → 2027-01-22combination deadline, redeemable shares, going-concern doubt +11 moved · 3 with no prior record of ours
- Combination deadline
- 2026-01-222027-01-22
- Redeemable shares
- not previously extracted2.55M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $250Knot matched in this filing
SpacBrain reads this as 365 days later than the previous record.
The clause …“rights will expire and become worthless if the Company does not consummate a Business Combination by January 22, 2027, unless the Company extends the Combination period. Each Private Placement Unit is identical to the Public Units sold”…
The clause “0,000,000 shares authorized, 1,944,290 shares issued and outstanding (excluding 2,550,149 and 6,000,000 shares subject to possible redemption as of March 31, 2026 and December 31, 2025, respectively) 194 194 (Accumulated deficit) Retained”…
The clause …“acceptable terms, if at all. The Company’s liquidity condition raises substantial doubt about the Company’s ability to continue as a going concern for a period of time within one year after the date that the accompanying”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: This document is a Joint Filing Agreement attached to a Schedule 13G/A beneficial ownership report, formally declaring that Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong will file jointly on behalf of each other regarding Shares of Columbus Acquisition Corp as of March 31, 2026, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934. The attached exhibit establishes a joint filing protocol dated May 12, 2026, executed by Saul Ahn as Authorized Signatory, General Counsel, and Attorney-in-Fact across the respective entities, incorporating a Power of Attorney from June 10, 2019 referenced in a prior Haymaker Acquisition Corp II filing. As structured, the instrument modifies only the administrative procedure for future amendments; it reports no shift in share quantities, ownership percentages, purchase prices, or voting agreements. Consequently, it does not recalibrate the redemption calendar, the prevailing trust/share balance, the 2027-01-21 deadline, nor does it evidence any alteration to deal progress, sponsor conduct, or capital deployment mechanics. Why it matters: For COLA investors tracking redemption windows and SPAC execution, this routine compliance attachment confirms coordinated Section 13(d) reporting but introduces no operational or strategic data. The text contains zero independent assertions regarding customer relationships, revenue streams, market sizing estimates, commercial strategies, technology deployments, partnership formations, active litigation posture, or executive personnel shifts. Attributed solely to the joint filers and their authorized representative, its practical utility is limited to validating procedural continuity for a specific block of equityholders, offering no new informational leverage for redemption calculus beyond standard institutional oversight.
What changed: This document is a Form 8-K current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, simultaneously reporting the entry into a material definitive agreement and the creation of a direct financial obligation. Attached as Exhibit 10.1 is a Target Extension Promissory Note dated May 5, 2026, issued by Columbus Acquisition Corp. (the “Company”) to WISeSat.Space Corp. (the “Target” to fund the Target’s remaining share of monthly trust account extension fees. The filing updates the extension mechanics and trust account funding schedule. Under the Company’s Charter, the initial business combination deadline was January 22, 2026, with provisions to extend up to January 22, 2027, in one-month increments contingent on a $50,000 Monthly Extension Fee deposited into the Trust Account. Since January 1, 2026, the Target has funded 50% of each month’s fee via four separate deposits totaling $100,000. To cover the remaining 50% obligation for those extensions, the Company issued the Target an unsecured promissory note with a principal amount of $100,000. The note bears zero percent interest and matures on the earliest of: (i) termination of the Business Combination Agreement (excluding termination by the Company under Section 10.1(e)), (ii) consummation of a business combination, or (iii) effective winding up. At consummation, the Target may convert the outstanding balance into CAC Private Units at $10.00 per unit. If the Company terminates under Section 10.1(e) and closes a business combination with a different entity, the Target may elect cash repayment or conversion into post-closing common shares at $5.00 per share. Critically, Section 10 of the note includes an irrevocable waiver by the Target relinquishing all claims against the Trust Account or public distributions related to this financing instrument. Why it matters: This filing locks in the capital maintenance mechanism required to preserve the redemption floor and keep public shareholders’ trust balance intact through the final extension deadline, preventing trust erosion that typically accompanies SPAC prolongations. It clarifies the economic alignment between the SPAC and the prospective merger partner: the Target absorbs the financing cost, receives equity participation at standard private placement pricing ($10.00 per unit), but accepts severe dilution protection penalties ($5.00 per share conversion) if the SPAC abandons it for another asset. According to the forward-looking statements embedded in the report, Pubco, the Seller (WISeKey International Holding Ltd.), the Target, and the Company anticipate beneficial outcomes, projected timing, implied enterprise value, and commercialization opportunities, while expressly disclaiming guarantees. The registrant enumerates twenty-four specific risk factors, including deadline miss probabilities, excessive shareholder redemptions, Nasdaq listing compliance, supply chain volatility, intellectual property licensing failures, and product liability exposure. The document also advises investors to await the forthcoming Form F-4 Registration Statement and preliminary proxy statement/prospectus, which will detail executive compensation, solicitation participants, and exhaustive risk disclosures. All referenced figures, including the $50,000 monthly fee, $100,000 aggregate note and deposit amounts, $10.00 unit conversion price, $5.00 alternative conversion price, November 9, 2025 Business Combination Agreement date, and the January 22, 2027 ultimate deadline, originate directly from the filed text.
What changed: A Form 8-K written communication filed pursuant to Rule 425 under the Securities Act disclosing the creation of a direct financial obligation and attaching a Target Extension Promissory Note. Per Item 2.03 and the attached note dated May 5, 2026, Columbus Acquisition Corp reported issuing a $100,000 unsecured promissory note to WISeSat.Space Corp. to fund extension payments. The filing states the Company’s initial combination deadline was January 22, 2026, with monthly extensions available through January 22, 2027 requiring a $50,000 deposit into the Trust Account. Since January 1, 2026, the Target deposited an aggregate of $100,000 into the Trust Account via four deposits of $25,000, each equaling 50% of the Monthly Extension Fee. The note carries no interest and matures on the earliest of termination date, business combination consummation, or winding up. Conversion occurs at $10.00 per private unit upon a successful business combination, or at $5.00 per share if the Company terminates the agreement under Section 10.1(e) and combines with a different target. The Target executed an irrevocable trust waiver releasing all claims against the Trust Account or public distributions. Executive officer Fen Zhang signed the report on May 11, 2026. Why it matters: This filing materially documents the cash-flow mechanics sustaining the SPAC’s operating window without impairing the public trust balance, as the Target entirely finances the extension fees via partial upfront cash and a zero-interest note. The explicit $10.00 and $5.00 conversion pricing establishes fixed economic parameters for private units and alternative acquisition scenarios, directly informing shareholder dilution and redemption yield models. The trust waiver reinforces that public shareholder recoveries remain contractually segregated from the extension debt instrument. Personnel disclosures identify Fen Zhang as Chief Executive Officer of the Company, Carlos Moreira as Chief Executive Officer and John O’Hara as Chief Financial Officer of WISeSat.Space Corp., while governing law defaults to New York with jury trial waivers, shaping future dispute resolution pathways. Forward-looking statements outline anticipated risks including redemption volumes, regulatory approvals, and integration challenges, though the filing contains no independent claims regarding target customer lists, historical revenues, or standalone market size metrics beyond referencing the November 9, 2025 Business Combination Agreement with Pubco, Merger Sub, and WISeKey International Holding Ltd.
What changed: Form 425 investor presentation and routine compliance exhibit filed by Columbus Acquisition Corp pursuant to Rule 425, transmitting a May 5, 2026 press release from WISeKey International Holding Ltd. No redemptions, trust adjustments, or extension votes are recorded. The filing leaves the established 2027-01-21 deadline and $10.671241562747902 per share trust value mechanically untouched, functioning purely as a permitted marketing channel under Rule 14a-12. Why it matters: The document supplies detailed operational milestones and forward-looking assertions requiring diligence validation. WISeKey states it initiated secure satellite communications pilot testing in 2021, expanded through sequential launches including 3U platforms launched by SpaceX during 2025, built an early satellite access base across 21 launched LEO satellites via partner-operated missions, and maintains access to 14 satellites currently in operation. WISeKey reports arranging ground-segment evaluations in Switzerland and Spain, hosting the Davos 2026 Quantum Security Space Roundtable in January 2026, and preparing a transition toward next-generation 6U satellite platforms. WISeKey asserts integration of SEALSQ post-quantum technologies, including secure elements and Quantum RootKey functionality, into its roadmap while positioning itself to support SEALSQ’s planned QSOC roadmap for QKD, QRNG, and post-quantum identity services. Carlos Moreira, Founder and CEO of WISeKey, claims this trajectory captures emerging demand for quantum-secure infrastructure and enables new revenue streams in secure data services, edge processing, and trusted connectivity for governmental and commercial customers. WISeKey additionally notes deploying over 1.6 billion microchips across IoT sectors and markets potential pipeline conversion, while explicitly cautioning that management pipeline estimates do not represent backlog or contracted revenue. Because every operational, partnership, and commercial claim originates from WISeKey management or its cited executives, investors must treat these figures as prospective assertions subject to disclosed risks regarding customer validation, certification timelines, and capital sufficiency.
What changed: A Form 8-K Current Report (filing type 8-K, filed April 24, 2026) submitted by Columbus Acquisition Corp/Cayman Islands to disclose a routine corporate action: the deposit of a $50,000 Monthly Extension Fee into the Trust Account to prolong the deadline for completing an initial business combination. On or about April 20, 2026, Columbus Acquisition Corp deposited exactly $50,000 into the Trust Account for public shareholders, triggering a single one-month extension of the initial business combination deadline from April 22, 2026 to May 22, 2026. The filing breaks down the source of the extension funds: $25,000 was drawn from the Company’s working capital and $25,000 was paid by WISeSat.Space Corp., a British Virgin Islands business company explicitly identified in the document as the 'Target.' The amendment relies on the Company's already-filed amended and restated memorandum and articles of association, which allow sequential one-month extensions costing $50,000 each, capped at a final possible deadline of January 22, 2027. Why it matters: The deposit mechanically resets the redemption and governance clock, giving public shareholders an additional month to evaluate whether to redeem shares at the prevailing trust value ($10.671241562747902 per share) before the May 22, 2026 cutoff. From a sponsor/conduct tracking perspective, the disclosure that the Target itself contributed exactly $25,000 toward the extension fee shifts historical execution risk; it demonstrates contractual alignment between the SPAC promoters and WISeSat.Space Corp. and indicates the Target is absorbing half the typical extension overhead, which typically correlates with stronger management conviction and reduced pre-merger dilution or cash-flow pressure on the SPAC side. No financial statements, pro forma guidance, customer contracts, market sizing, proprietary technology descriptions, litigation updates, or executive personnel changes are included. The sole actionable intelligence for investors tracking redemption windows and deal financing is the confirmed extension mechanism, the precise capital split, and the explicit naming of WISeSat.Space Corp. as the counterparty under the November 9, 2025 Business Combination Agreement.
What changed: Form 8-K Current Report filed as a Rule 425 written communication, formally disclosing a $50,000 extension fee deposit into the Trust Account and the resulting calendar shift. As stated in the filing signed by Chief Executive Officer Fen Zhang, the April 20, 2026 deposit of $50,000 into the Trust Account moved the initial business combination deadline from April 22, 2026 to May 22, 2026. The report specifies that the $50,000 Monthly Extension Fee was funded by $25,000 from the Company’s working capital and $25,000 paid directly by WISeSat.Space Corp. (identified as the Target) under the November 9, 2025 Business Combination Agreement. Why it matters: This extends the public shareholder redemption window by exactly one month, establishing May 22, 2026 as the next critical calendar benchmark before potential liquidation or vote. The Target company's direct contribution of $25,000 toward the extension fee demonstrates pre-deal financial alignment and reduces sponsor working capital depletion during the pendency period. The submission contains no disclosures regarding customer metrics, revenue projections, technology roadmaps, market sizing, strategic partnerships, or litigation exposure; it functions exclusively as a procedural compliance exhibit tracking extension mechanics and target-sponsor funding coordination.
What changed: Form 8-K Current Report submitted as a Rule 425 written communication disclosing a one-month extension of the proposed business combination timeline and the associated trust account deposit. Per the registrant’s filing, the deadline to complete the initial business combination advanced from March 22, 2026, to April 22, 2026, following a $50,000 Monthly Extension Fee deposited into the Trust Account on or about March 23, 2026. The filing attributes the $50,000 funding split to two sources: $25,000 drawn from Columbus Acquisition Corp.’s working capital and $25,000 paid directly by the proposed Target, WISeSat.Space Corp., pursuant to the November 9, 2025 Business Combination Agreement. Why it matters: The extension pushes the nearest redemption/liquidation trigger forward by one month while preserving the January 22, 2027 hard stop outlined in the amended Charter. The Target’s payment of half the extension fee signals execution commitment but depletes pre-merger liquidity outside the trust. The entire $50,000 deposits into the Trust Account, incrementally increasing the aggregate balance that underpins the $10.671241562747902 trust value per ordinary share. No new vote schedules, proxy materials, or amended redemption pricing terms are disclosed; all mechanical conditions remain consistent with standard monthly extension provisions authorized by the registrant.
What changed: Form 8-K Current Report. According to the filing submitted by Columbus Acquisition Corp, on or about March 23, 2026, the Company deposited an aggregate of $50,000 into its Trust Account to satisfy the Monthly Extension Fee required by its Charter. The registrant reports that $25,000 of this fee 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 designated as the Target, under the Business Combination Agreement dated November 9, 2025. As a direct result of this deposit, the Company extended its deadline to consummate an initial business combination by one month, moving from March 22, 2026 to April 22, 2026. The filing notes that the Charter allows further one-month extensions through January 22, 2027, each subject to another $50,000 deposit. Beyond these extension mechanics and the target’s identity, the document contains no additional substantive disclosures regarding customer relationships, revenue, market size, strategic initiatives, proprietary technology, commercial partnerships, pending litigation, or executive personnel changes. Chief Executive Officer Fen Zhang signed the report on March 27, 2026. Why it matters: This filing recalibrates the immediate liquidity and redemption window for public shareholders, establishing April 22, 2026 as the next hard deadline before another extension fee becomes mandatory. The explicit allocation showing the Target entity funding half of the $50,000 monthly fee indicates a specific financial arrangement outside standard sponsor-funded extensions, which investors should monitor for implications on deal economics or potential redemption triggers. Public shareholders should review subsequent filings closely to determine whether the April 2026 window will lead to a definitive proxy/tender offering, a further extension request toward the January 22, 2027 cap, or a liquidation event.
What changed: Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by Columbus Acquisition Corp (COLA), a blank-check company, with audited financial statements and disclosures about its business combination agreement with WISeSat.Space. The filing reports the company's IPO closed on January 24, 2025 (6,000,000 units at $10.00 each); the execution of a business combination agreement with WISeSat.Space on November 9, 2025; a shareholder vote on January 16, 2026 approving an extension to January 22, 2027, during which 3,449,851 ordinary shares were redeemed for approximately $35.82 million; the trust account balance as of December 31, 2025 was $62,231,602 (before the redemption); the company had a net income of $1,285,090 for 2025; and there is a going concern qualification due to potential inability to complete a business combination within the extended deadline. Why it matters: This filing is critical for investors because it provides the first audited financial statements since the IPO, confirms the target deal and the key terms of the merger, discloses the significant redemption that reduced the trust balance, and outlines the extension mechanics and sponsor support. The going concern warning highlights the risk of liquidation if the deal fails, and the trust value per share post-redemption is a key input for redemption decisions.
What changed vs 2025-03-31deadline 2026-01-22 → 2027-01-22combination deadline, trust account, going-concern doubt +11 moved · 3 with no prior record of ours
- Combination deadline
- 2026-01-222027-01-22
- Trust account
- not previously extracted$62.2M
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $250K · unchanged
SpacBrain reads this as 365 days later than the previous record.
The clause …“rights will expire and become worthless if the Company does not consummate a Business Combination by January 22, 2027, unless the Company extends the Combination period. Each Private Placement Unit is identical to the Public Units sold”…
The clause …“489,447 — Deferred offering costs — 200,034 Cash and marketable securities held in Trust Account 62,231,602 — Total Assets $ 62,721,049 $ 200,034 Liabilities, Shares Subject to Possible Redemption, and Shareholders’ Equity (Deficit)”…
The clause “Standards “Codification Subtopic 205-40, Presentation of Financial Statements - Going Concern”, management has determined that the mandatory liquidation, should a Business Combination not occur, and potential subsequent dissolution, along”…
The clause …“January 24, 2025. As of December 31, 2025 and 2024, the Company had nil and $ 249,712 outstanding under the Promissory Note, respectively. Working Capital Loans In addition, in order to finance transaction costs in connection with an”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Limited Power of Attorney exhibits attached to a Schedule 13G/A amendment, formally delegating SEC filing authority to designated officers under the Securities Exchange Act of 1934. As executed by Hidekatsu Take, Deputy President & Corporate Executive of Mizuho Financial Group, Inc., Adam Hopkins, Chief Legal Officer/Managing Director, General Counsel of Mizuho Americas LLC and Mizuho Securities USA LLC, and an executive officer of Mizuho Bank, Ltd., the text dated 2-12-2026 grants Takahiro Katsura, Managing Director, Head of Global Branches & Subsidiaries Coordination Office, full authority to execute, amend, restate, supplement, and timely file the accompanying Schedule 13G/A with the SEC. The filing text discloses no alterations to beneficial ownership percentages, investment purposes, fund sourcing, redemption windows, or business combination deadlines relative to prior submissions. Why it matters: This instrument carries zero mechanical implication for the COLA SPAC’s $10.671241562747902 per-share trust balance, the 2027-01-21 merger deadline, extension voting procedures, target selection status, or sponsor conduct. As explicitly drafted by the signatory financial institutions, the document merely satisfies Exchange Act Sections 13(d) and 13(g) administrative requirements by routing form preparation and submission through a single authorized representative. It contains no claims regarding customer bases, revenue streams, market positioning, technological roadmaps, strategic partnerships, ongoing litigation, or personnel changes that would affect shareholder redemption calculations or deal completion probability. Consequently, the filing represents a routine, non-mechanical compliance exhibit that neither advances nor impedes the pending acquisition timeline.
What changed: A Schedule 13G/A amended beneficial ownership report filed by Barclays PLC. Identified as a routine compliance exhibit tracking institutional holdings, this filing excerpt names Barclays PLC as the reporting entity. Concerning SPAC mechanics, it reports no alterations to the 2027-01-21 redemption deadline, makes no adjustments to the $10.671241562747902 trust share balance, sets forth no extension provisions, indicates no shift in deal execution progress, and attributes no new conduct to the sponsor. Why it matters: The document contains no substantive claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel attributable to any party. Schedule 13G/A filings typically signal portfolio rebalancing or accumulation that could influence liquidity ahead of a combination, but this truncated excerpt lacks the required economic schedules or amendment purposes. As a result, it does not modify the existing redemption window or trust framework, and investors should reference future proxy statements or business combination agreements for actionable developments.
What changed: Schedule 13G — beneficial ownership report. Per the filing, Meteora Capital, LLC is designated as the reporting holder associated with accession number 0001905106-26-000005. Regarding the redemption deadline, trust value, extension proceedings, acquisition progress, and sponsor conduct, the text contains no updated metrics, voting tallies, or operational announcements. Why it matters: Investors monitoring Columbus Acquisition Corp should treat this as a standard regulatory holding disclosure that confirms a known investor’s ongoing Section 13(d) compliance, while providing no new information on liquidity conditions, merger approval timelines, or corporate governance shifts that would alter redemption calculus or trust preservation strategies.
What changed: A Schedule 13G/A beneficial ownership report. The provided filing excerpt, attributed to Meteora Capital, LLC as the reporting holder, states no numerical disclosures, percentage updates, or textual modifications regarding the stated trust value of $10.671241562747902 per share or the January 21, 2027 liquidation deadline. Why it matters: This SEC amendment tracks institutional equity positions, which historically signal shifts in investor sentiment surrounding SPAC merger approvals, extension votes, or trust dissolutions. Because the submitted text omits share quantities or ownership percentages, the filing does not reveal whether Meteora Capital, LLC has altered its capital commitment or governance leverage relative to the sponsor. Continued review of subsequent 13G/A filings remains relevant for assessing stakeholder alignment ahead of the stated deadline.
What changed: A routine compliance exhibit: a Form 3 Initial Statement of Beneficial Ownership filed with the SEC to publicly record the initial indirect holding of 557,800 shares by eight Harraden Circle-affiliated investment vehicles and Frederick Vincent Fortmiller, each identified in the filing as a 10% owner. According to the Form 3 filing, there are no recorded transactions, pricing adjustments, or structural modifications affecting the SPAC’s redemption calendar, trust balance, extension provisions, deal progression, or sponsor governance procedures. The SEC report solely catalogs the static indirect position of 557,800 shares across the named Harraden Circle affiliates. Why it matters: Because the regulatory exhibit classifies these entities as 10% owners of 557,800 shares collectively, the filing confirms concentrated sponsorship alignment without triggering new redemption windows, altering trust valuations, or advancing acquisition milestones. Per the submitted document, this submission introduces no commercial claims, customer metrics, revenue projections, market size estimates, strategic roadmaps, technology updates, partnership disclosures, litigation exposures, or personnel appointments. Investors tracking capital preservation, voting mechanics, or sponsor conduct will treat this form as a baseline ownership snapshot rather than an operative catalyst for upcoming trustee actions or business combination votes.
What changed: An 8-K current report from Columbus Acquisition Corp/Cayman Islands disclosing a one-month extension of its deadline to consummate an initial business combination. The Company deposited $50,000 into its Trust Account on January 22, 2026, exercising its Charter right to extend the business combination period by one month. The deadline to complete the transaction moves from January 22, 2026 to February 22, 2026. The filing reiterates that extensions continue via $50,000 monthly deposits until the absolute cap date of January 22, 2027. Why it matters: It confirms sponsor willingness to fund further extensions, preventing near-term liquidation and giving investors another month to evaluate the pursuit of a merger against the prevailing trust value of $10.671241562747902 per share. The filing contains no updates on target selection, deal status, revenue expectations, or changes to redemption procedures; it solely impacts the mechanical timeline for shareholder decisions and trust fund maintenance.
What changed: Current Report on Form 8-K filed on January 20, 2026, reporting the results of an extraordinary general meeting held January 16, 2026, where shareholders approved amendments to the charter and trust agreement to extend the deadline for a business combination, and reporting the related redemptions. Shareholders approved amendment of the Amended and Restated Memorandum and Articles of Association to extend the deadline to complete a business combination from January 22, 2026 to January 22, 2027, with up to twelve one-month extensions subject to Sponsor deposits. Trust agreement amended accordingly. In connection with the charter amendment vote, 3,449,851 ordinary shares were redeemed, reducing total shares outstanding from 7,944,290 to 4,494,439 (with 2,550,149 public shares remaining). Why it matters: This filing is critical because it shows the SPAC has extended its deadline by up to 12 months, but at the cost of massive redemptions (3.45 million shares, roughly 43.4% of public shares). The trust value per share was approximately $10.67 before redemption, and the high redemption rate suggests low confidence in a deal. The remaining public float is thin, which could complicate any future business combination approval. Sponsor must now deposit funds for each monthly extension.
What changed: A Form 8-K supplementing the Definitive Proxy Statement, filed to disclose material U.S. federal income tax considerations regarding shareholder redemption rights and a proposed charter amendment. This 8-K supplements the definitive proxy statement filed on December 31, 2025, ahead of an Extraordinary General Meeting on January 16, 2026, at 9:00 a.m. Eastern Time. The company proposes amending its charter to extend the business combination deadline from January 22, 2026, up to twelve times, with each extension adding one month for a total of twelve months until January 22, 2027. The supplement details U.S. federal income tax treatment for redemptions, distinguishing between treatment as a sale versus a corporate distribution under Section 302 of the Code. It notes that the backup withholding rate is currently 24%, the branch profits tax is 30%, and PFIC excess distributions exceed 125% of the average prior three years. It further explains constructive ownership rules include shares acquired via public warrants and thresholds for 5% holders or longer-term residents. Why it matters: The supplemental disclosure warns that shareholders redeeming into cash while the trust stands at $10.671241562747902 per share may face adverse tax consequences if the redemption fails the substantially disproportionate or complete termination tests and is instead taxed as a dividend. The Company stated that based on a review of its financial statements, it likely has been classified as a Passive Foreign Investment Company (PFIC) since its first taxable year because it expects over 50% of its assets or over 75% of its gross income to be passive. The filing warns there is no assurance the Company will have timely knowledge of its PFIC status or the ability to provide required PFIC Annual Information Statements for QEF elections, potentially subjecting investors to ordinary income tax rates and interest charges on allocated gain. These factors directly impact the after-tax recovery value of redeemed shares before the extended deadline expires on January 22, 2027.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.