Columbus Acquisition Corp/Cayman Islands SEC 10-Q Report

Columbus Acquisition Corp, a blank check company incorporated in the Cayman Islands, has released its Form 10-Q report for the quarter ended September 30, 2025. The report provides a detailed overview of the company's financial performance and business activities, highlighting its progress and future outlook as it seeks to complete its initial business combination.

Financial Highlights

Net Income: Columbus Acquisition Corp reported a net income of $497,832 for the three months ended September 30, 2025. This was primarily driven by interest income from the Trust Account amounting to $629,947, which was partially offset by general and administrative expenses of $132,115.

Net Income: For the nine months ended September 30, 2025, the company reported a net income of $1,110,246. This was largely due to interest income from the Trust Account totaling $1,648,194, offset by general and administrative expenses of $537,948.

Basic and Diluted Net Income Per Share, Ordinary Shares Subject to Possible Redemption: $0.06 for the three months ended September 30, 2025.

Basic and Diluted Net Income Per Share, Ordinary Shares Subject to Possible Redemption: $0.15 for the nine months ended September 30, 2025.

Basic and Diluted Net Income (Loss) Per Share, Non-Redeemable Ordinary Shares: $0.06 for the three months ended September 30, 2025.

Basic and Diluted Net Income (Loss) Per Share, Non-Redeemable Ordinary Shares: $0.15 for the nine months ended September 30, 2025.

Business Highlights

Business Overview: Columbus Acquisition Corp is a blank check company focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. As of September 30, 2025, the company has not commenced any operations and has been primarily engaged in organizational activities and activities related to completing its initial public offering (IPO).

Initial Public Offering: On January 24, 2025, Columbus Acquisition Corp completed its IPO, raising $60,000,000 through the sale of 6,000,000 units. Each unit consists of one ordinary share and one right to receive one-seventh of one ordinary share upon the completion of the initial business combination.

Private Placement: Concurrently with the IPO, the company completed a private placement of 234,290 units to its sponsor, Hercules Capital Management VII Corp, generating gross proceeds of $2,342,900.

Trust Account: The proceeds from the IPO and the private placement were placed in a trust account, which will be used to fund the company's initial business combination. The funds are invested in U.S. government treasury bills or money market funds.

Management's Discretion: The management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale of the private placement units, although substantially all of the net proceeds are intended to be applied generally toward consummating a business combination.

Future Outlook: The company has until January 22, 2026, to complete its initial business combination. If unable to do so, it will cease operations and liquidate. The company is actively seeking a target business for a combination and expects to incur significant costs related to this process.

Segment Information: The company operates as a single segment, with the Chief Executive Officer reviewing the operating results for the company as a whole to make decisions about resource allocation and assessing financial performance.

Operational Strategy: The company intends to use the funds held outside of the trust account for identifying and evaluating prospective acquisition candidates, performing due diligence, and structuring, negotiating, and consummating the business combination.

Risks and Uncertainties: The company acknowledges various risks, including geopolitical tensions and market volatility, which may impact its ability to consummate a business combination or the operations of a target business.

SEC Filing: Columbus Acquisition Corp/Cayman Islands [ COLA ] - 10-Q - Nov. 06, 2025