C
Columbus Acquisition Corp/Cayman Islands
COLACIK 0002028201NasdaqEmerging GrowthBlank ChecksSGFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.29M
Total Assets
$62.72M
Equity
$179.2K
Shares Out
4.49M
Op. Cash Flow
$-582.9K
Business
Columbus Acquisition Corp/Cayman Islands is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. It offers units composed of ordinary shares and rights, has completed an IPO and placed proceeds in a trust account, and utilizes sponsor private placements and potential working capital loans to fund operations. The company operates as a single-purpose acquisition vehicle without operating divisions, focused on identifying and evaluating prospective targets. It pursues targets globally, with initial priority on Asia and North America and securities listed on Nasdaq.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| General and administrative expenses | 946,512 | 77,094 | |
| Loss from operations | −946,512 | −77,094 | |
| Interest earned on demand deposit in Trust Account | 2 | — | |
| Income (loss) before income taxes | 1 | −77,094 | |
| Income taxes provision | — | — | |
| Net income (loss) | 1 | −77,094 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-01-31 |
|---|---|---|---|---|
| Cash | 483,756 | — | — | |
| Prepaid expenses | 5,691 | — | — | |
| Total Current Assets | 489,447 | — | — | |
| Deferred offering costs | — | 200,034 | — | |
| Cash and marketable securities held in Trust Account | 62 | — | — | |
| Total Assets | 63 | 200,034 | — | |
| Accounts payable and accrued expenses | 230,209 | 2,416 | — | |
| Total Current Liabilities | 310,209 | 252,128 | — | |
| Total Liabilities | 310,209 | 252,128 | — | |
| Commitments and Contingencies (Note 6) | — | — | — | |
| Ordinary shares subject to possible redemption, $0.0001 par value, 490,000,000 shares authorized, 6,000,000 and 0 shares issued and outstanding, respectively | 62 | — | — | |
| Preference shares, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | — | — | — | |
| Ordinary shares, $0.0001 par value, 490,000,000 shares authorized, 1,944,290 shares and 1,500,000 issued and outstanding, respectively (excluding 6,000,000 shares and 0 shares subject to possible redemption) | 194 | 150 | — | |
| Additional paid-in capital | — | 24,850 | — | |
| Retained earnings (Accumulated deficit) | 179,044 | −77,094 | — | |
| Total Shareholders Equity (Deficit) | 179,238 | −52,094 | — | |
| Total Liabilities, Shares Subject to Possible Redemption, and Shareholders Equity (Deficit) | 63 | 200,034 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Stock-based compensation | 61,478 | — | |
| Prepaid expenses | −5,691 | — | |
| Due to related party administrative expenses | 80,000 | — | |
| Accounts payable and accrued expenses | 227,793 | 2,416 | |
| Net Cash Used in Operating Activities | −582,932 | −74,678 | |
| Purchase of investment held in trust account | −60 | — | |
| Net Cash Used in Investing Activities | −60 | — | |
| Proceeds from sale of public units | 60 | — | |
| Proceeds from sale of private placement units | 2 | — | |
| Payment of underwriter commissions | −900,000 | — | |
| Repayment of promissory note - related party | −249,712 | — | |
| Payment of operating expenses via promissory note related party | — | 74,678 | |
| Payment of offering costs | −126,500 | — | |
| Net Cash Provided by Financing Activities | 61 | 74,678 | |
| Net Change in Cash | 483,756 | — | |
| Deferred offering costs paid by Sponsor in exchange for issuance of ordinary shares | — | 25,000 | |
| Deferred offering costs paid via promissory note related party | — | 175,034 | |
| Accretion of carrying value to redemption value | 5 | — | |
| Issuance of Representative Shares | 361,000 | — |
Filings
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