Columbus Acquisition Corp Announces Closing of $60 Million Initial Public Offering
January 24 2025 - 4:00PM
Columbus Acquisition Corp (the “Company”), a blank check company
incorporated in the Cayman Islands, today announced the closing of
its initial public offering of 6,000,000 units at a price of $10.00
per unit for aggregate gross proceeds of $60 million. Each unit
consists of one ordinary share and one right to receive one-seventh
of one ordinary share upon consummation of an initial business
combination.
The units commenced trading on The Nasdaq Global
Market (“NASDAQ”) under the ticker symbol “COLAU” on January 23,
2025. Once the securities comprising the units begin separate
trading, the ordinary shares and rights will be listed on NASDAQ
under the symbols “COLA” and “COLAR,” respectively.
A.G.P./Alliance Global Partners acted as the
sole book-running manager for the offering. The Benchmark Company,
LLC acted as the co-manager for the offering.
The Company has granted the underwriters a
45-day option to purchase up to 900,000 units at the initial public
offering price to cover over-allotments, if any.
Robinson & Cole LLP served as the U.S.
counsel to Columbus Acquisition Corp and Sichenzia Ross Ference
Carmel LLP served as the U.S. counsel to the representative of the
underwriters in this offering.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on January 22, 2025. The offering
has been made only by means of a prospectus, copies of which may be
obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue,
28th Floor, New York, NY 10022, or by telephone at (212) 624-2060,
or by email at prospectus@allianceg.com or by visiting EDGAR
on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. No securities regulatory authority has
either approved or disapproved of the contents of this press
release.
About Columbus Acquisition
Corp
The Company is a blank check company
incorporated in the Cayman Islands, sponsored by Hercules Capital
Management VII Corp, formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities. The Company intends to
identify a prospective target business which will not be limited to
a particular industry or geographic location.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering, the underwriters’ exercise of
over-allotment option, the anticipated use of the net proceeds
thereof and the Company’s search for an initial business
combination. No assurance can be given that the net proceeds of the
offering will be used as indicated. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and
prospectus for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contacts:Fen ZhangChairman and
Chief Executive OfficerEmail: eric.zhang@hercules.globalTel: (+1)
949 899 1827