Columbus Acquisition Corp. (Ticker: COLAU) is a Cayman Islands-incorporated blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a business combination. The company has not identified a specific target industry or geographic location but has significant ties to China, as its CEO and CFO are currently based there. The company is subject to legal and operational risks if it consummates a business combination with a target company in China.
Columbus Acquisition Corp. will list on the Nasdaq Capital Market on January 23, 2025. The IPO consists of 6.0 million units priced at $10.00 each, aiming to raise $60.0 million. Each unit includes one Class A common share and one right to one-seventh (1/7th) of a share upon completion of a business combination.
The offering is managed by A.G.P. and The Benchmark Company. The SPAC has no current operations or revenue and was founded in 2024. Proceeds from the IPO will be used to identify and consummate a business combination.