Recent Updates — COLA
On October 1, 2026, Columbus Acquisition Corp consummated its previously announced business combination with WISeSat.Space Holdings Corp. and related entities. The transaction involved the merger of Columbus into a subsidiary of Pubco (WISeSat.Space Holdings Corp), resulting in Pubco acquiring all shares of the Target. Following the closing, 16,818,772 Pubco Ordinary Shares and 12,997,400 Pubco Class F Shares were issued. Trading for the new entity began on Nasdaq under the ticker symbol "SAIQ" on October 2, 2026. Columbus's existing shares were delisted and deregistered. New leadership was appointed, with Carlos Moreira named CEO and Gwenael Rouy-Poirier CFO of Pubco. WISeSat.Space Holdings Corp operates in the satellite communications and cybersecurity industry.
Columbus Acquisition Corp closed its previously announced business combination with WISeSat.Space Holdings Corp on October 1, 2026. Shareholders approved the merger and related proposals at an extraordinary general meeting held on September 30, 2026. Following the closing, WISeSat.Space ordinary shares commenced trading on Nasdaq under the ticker symbol SAIQ on October 2, 2026. The combined company is a space technology firm focused on secure satellite communications for Internet of Things applications.
WISeSat.Space Holdings Corp. completed its business combination with Columbus Acquisition Corp on October 1, 2026, following shareholder approval on September 30, 2026. The combined entity will trade on Nasdaq under the ticker symbol "SAIQ" starting October 2, 2026. Maxim Group LLC served as WISeSat's financial advisor. Columbus Acquisition Corp is a special purpose acquisition company (SPAC) formed to effect business combinations with other entities.
Columbus Acquisition Corp extended its deadline to consummate a business combination with WISeSat.Space Holdings Corp. by paying $50,000 monthly extension fees into the trust account for August and September 2026. The Company issued unsecured promissory notes totaling $100,000: $75,000 to Sponsor Hercules Capital Management VII Corp. and $25,000 to Target WISeSat.Space Corp., representing their respective shares of the fees. These notes are convertible into private units at $10.00 per unit upon business combination completion or repayable in specific termination scenarios. Columbus Acquisition Corp operates as a blank check company (SPAC) focused on effecting an initial business combination.