New York, January 24, 2025 — Columbus Acquisition Corp (the “Company”), a Cayman Islands-incorporated special purpose acquisition company (SPAC), today announced the completion of its initial public offering (IPO). The IPO involved 6,000,000 units priced at $10.00 per unit, generating gross proceeds of $60 million. Each unit comprises one ordinary share and a right to receive one-seventh of an ordinary share upon completion of an initial business combination.

Trading of the units commenced on the Nasdaq Global Market (“NASDAQ”) on January 23, 2025, under the ticker symbol “COLAU”. Following the separation of the unit components, the ordinary shares and rights will trade on NASDAQ under “COLA” and “COLAR”, respectively.

A.G.P./Alliance Global Partners served as the sole book-running manager for the offering, with The Benchmark Company, LLC as co-manager.

Underwriters have a 45-day option to purchase up to 900,000 additional units at the IPO price to cover potential over-allotments.

Robinson & Cole LLP acted as U.S. counsel for Columbus Acquisition Corp, while Sichenzia Ross Ference Carmel LLP represented the underwriters.

The U.S. Securities and Exchange Commission (SEC) declared the registration statement effective on January 22, 2025. The offering prospectus is available from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, by calling (212) 624-2060, via email at  [email protected] or on the SEC’s EDGAR website at [website address].

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer, solicitation, or sale would be illegal before registration or qualification under applicable securities laws. No securities regulatory authority has approved or disapproved of this press release’s contents.

About Columbus Acquisition Corp

The Company is a Cayman Islands-incorporated SPAC, sponsored by Hercules Capital Management VII Corp. Its purpose is to pursue a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The Company’s target business search is not limited to a specific industry or geographic region.

Forward-Looking Statements

This press release contains forward-looking statements regarding the IPO, the underwriters’ potential exercise of the over-allotment option, the intended use of net proceeds, and the Company’s search for an initial business combination. The actual use of net proceeds is not guaranteed. Forward-looking statements are subject to various risks, including those detailed in the Risk Factors section of the Company’s registration statement and prospectus filed with the SEC, which are available on the SEC’s website at [website address]. The Company is not obligated to update these statements unless required by law.

Contacts:

Fen Zhang
Chairman and Chief Executive Officer
Email: [email address]
Tel: (+1) 949 899 1827

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