Columbus Acquisition Corp/Cayman Islands

Columbus Acquisition Corp announced it has regained compliance with Nasdaq's minimum market value of listed securities (MVLS) requirement. The company had previously received a notice on May 22, 2026, for failing to meet the $50 million MVLS threshold for 30 consecutive business days. However, as of May 28, 2026, Nasdaq confirmed that the company's MVLS had been $50 million or greater for the preceding 10 consecutive business days, leading to the closure of the matter.

Columbus Acquisition Corp extended its deadline to complete an initial business combination by one month, from May 22, 2026, to June 22, 2026. This extension was facilitated by a $50,000 deposit into the Trust Account. The company contributed $25,000 from its working capital, with the remaining $25,000 paid by the target, WISeSat.Space Corp. An unsecured promissory note for $25,000 was issued to the target in connection with its payment, convertible into units or shares under specific conditions.

Columbus Acquisition Corp. reported its Q1 2026 results, highlighting progress on its business combination with WISeSat.Space Corp. Shareholders approved an extension of the combination period to January 22, 2027, at an Extraordinary General Meeting in January 2026. This led to the redemption of 3,449,851 ordinary shares, resulting in $35.83 million being released from the Trust Account. The company's net income for the quarter was $61,472, down from $149,799 in Q1 2025, and its total assets significantly decreased due to redemptions, raising going concern considerations.

Columbus Acquisition Corp issued an unsecured promissory note for $100,000 to WISeSat.Space Corp. on May 5, 2026. This note is in connection with WISeSat.Space Corp. covering $100,000 of the Monthly Extension Fees, which allow Columbus Acquisition Corp to extend the period to complete its initial business combination. The note bears no interest and provides the payee with options to convert the outstanding obligations into private units or, under certain conditions, into common shares of the post-closing public company.

Columbus Acquisition Corp. (COLA) has extended the deadline to complete its initial business combination by one month, shifting it from April 22, 2026, to May 22, 2026. This extension was facilitated by a $50,000 deposit into the company's trust account. The fee was split, with $25,000 paid from COLA's working capital and the remaining $25,000 contributed by WISeSat.Space Corp., the target company in the proposed business combination.