Columbus Acquisition | 10-Q: FY2025 Q1 EPS: USD 0.02

EPS: As of FY2025 Q1, the actual value is USD 0.02.

Segment Revenue

• Columbus Acquisition Corp has not commenced any operations and does not generate operating revenues until after the completion of a Business Combination.

Operational Metrics

• For the three months ended March 31, 2025, the company reported general and administrative expenses of $253,934, compared to $6,839 for the period from January 18, 2024, to March 31, 2024.
• Net income for the three months ended March 31, 2025, was $149,799, compared to a net loss of $6,839 for the period from January 18, 2024, to March 31, 2024.

Cash Flow

• Net cash used in operating activities for the three months ended March 31, 2025, was - $172,527.
• Net cash used in investing activities was - $60,000,000, primarily due to cash deposit into the Trust Account.
• Net cash provided by financing activities was $61,066,688, which included proceeds from the sale of public units and private placement units.

Unique Metrics

• Interest earned on the demand deposit in the Trust Account was $403,733 for the three months ended March 31, 2025.

Future Outlook and Strategy

• Columbus Acquisition Corp intends to use the net proceeds from the IPO and Private Placement to acquire a target business or businesses and pay expenses related to the acquisition.
• The company has until January 22, 2026, to complete its initial Business Combination, failing which it will undergo mandatory liquidation and dissolution.
• The company may need additional financing to complete its Business Combination or to redeem a significant number of public shares upon completion of the Business Combination.