Columbus Acquisition Corp/Cayman IslandsCOLA
Cash in trust
$27.2M
$27,213,256
Trust per share
$10.67
Redemption value
IPO
Jan 2025
$60.0M raised
Combination deadline
Jan 22, 2027
95 days remaining
Filings on record
111
Latest Oct 8, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Nov 14, 2025
- Closed
- Oct 8, 2026
Overview
Columbus Acquisition Corp/Cayman Islands is a special purpose acquisition company incorporated and registered with the SEC under CIK 0002028201. It completed its initial public offering in Jan 2025, raising $60.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker COLA, units under COLAU, rights under COLAR on Nasdaq. The vehicle is sponsored by Hercules Capital Management through Hercules Capital Management VII Corp. The mandate targets generalist. Business combination closed; the company trades under a new ticker.
“We expect to focus on companies that are or have the potential to become leaders in its verticals.”
Reading the filings
Arithmetic on what Columbus Acquisition Corp/Cayman Islands has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.67 per public share, 6.7% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Extension history
Shareholders have already approved 1 extension. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Underwriting
A.G.P./Alliance Global led the offering. It has been named on 18 SPAC IPOs, book-running 18 of them, and 83.3% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date Columbus Acquisition Corp/Cayman Islands must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
111 filings in all. 30 in the last three months, against a busiest month of 15.
News on Columbus Acquisition Corp/Cayman Islands
Last 90 daysNews sentiment
PositiveAcross 5 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001193125-26-417487
- 8-K
Entry into a material definitive agreement; Completion of an acquisition; Notice of delisting or failure to satisfy a listing rule
Items 1.01, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01 · Accession 0001213900-26-107578
- 8-K
Submission of matters to a vote of security holders; Regulation FD disclosure
Items 5.07, 7.01, 9.01 · Accession 0001213900-26-107198
- 425
Business-combination communication
Accession 0001213900-26-106092
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001213900-26-106089
- 425
Business-combination communication
Accession 0001213900-26-106082
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 3.02, 9.01 · Accession 0001213900-26-106080
- 25-NSE
Notification of delisting
Accession 0001354457-26-000937
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-104377
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-104375
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-103788
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-103784
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-102858
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-102855
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-102559
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-102547
- DEFA14A
Additional proxy soliciting material
Accession 0001213900-26-098979
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-098977
- DEFM14A
Definitive merger proxy statement
Accession 0001213900-26-091739
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-26-000157
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-26-000156
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001193125-26-340757
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001193125-26-340756
- 425
Business-combination communication
Accession 0001213900-26-086249
- 8-K
Entry into a material definitive agreement; Regulation FD disclosure
Items 1.01, 7.01, 9.01 · Accession 0001213900-26-086245
- 10-Q
Quarterly report
Accession 0001213900-26-085116
- 425
Business-combination communication
Accession 0001213900-26-085086
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 3.02, 9.01 · Accession 0001213900-26-085084
- 425
Business-combination communication
Accession 0001213900-26-085079
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 3.02, 9.01 · Accession 0001213900-26-085077
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Columbus Acquisition Corp/Cayman Islands: questions answered
What is Columbus Acquisition Corp/Cayman Islands (COLA)?
Columbus Acquisition Corp/Cayman Islands is a special purpose acquisition company incorporated and registered with the SEC under CIK 0002028201. It completed its initial public offering in Jan 2025, raising $60.0M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker COLA, units under COLAU, rights under COLAR on Nasdaq. The vehicle is sponsored by Hercules Capital Management through Hercules Capital Management VII Corp. The mandate targets generalist. Business combination closed; the company trades under a new ticker.
How much does Columbus Acquisition Corp/Cayman Islands hold in trust?
Approximately $27,213,256, or about $10.67 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Columbus Acquisition Corp/Cayman Islands complete a merger?
By Jan 22, 2027, after 1 shareholder-approved extension. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Columbus Acquisition Corp/Cayman Islands does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Columbus Acquisition Corp/Cayman Islands, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.67 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Columbus Acquisition Corp/Cayman Islands trade under?
Class A shares trade as COLA on Nasdaq, the units as COLAU, with rights as COLAR. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Columbus Acquisition Corp/Cayman Islands?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.67, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $3.21, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
Who sponsors Columbus Acquisition Corp/Cayman Islands, and what is their track record?
Hercules Capital Management VII Corp is the sponsor entity, part of the Hercules Capital Management franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Fen Zhang.
Which banks underwrote the Columbus Acquisition Corp/Cayman Islands IPO?
A.G.P./Alliance Global, Benchmark Company. A.G.P./Alliance Global was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Columbus Acquisition Corp/Cayman Islands tradeable, and where?
Yes. COLA returned a live quote of $3.21 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Columbus Acquisition Corp/Cayman Islands a good investment?
That is not a question this site answers. Columbus Acquisition Corp/Cayman Islands is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Columbus Acquisition Corp/Cayman Islands data come from?
Filings Columbus Acquisition Corp/Cayman Islands submitted to the SEC under CIK 0002028201: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Hercules Capital Management: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
A.G.P./Alliance Global in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.