Columbus Acquisition Corp closes $60M IPO and $2.34M private placement

Columbus Acquisition Corp/Cayman Islands

IPO of 6M units at $10/unit generated $60M gross proceeds; private placement of 234,290 units to sponsor added $2.34M.
Net proceeds of $60M deposited in trust account; cash outside trust $1.0M for working capital.
Must complete business combination by Jan 22, 2026; auditor raises substantial doubt about going concern.
As of Jan 24, 2025: total assets $61.03M, accumulated deficit $181,160, no operating revenue.
Sponsor is Hercules Capital Management VII Corp; underwriters have 45-day over-allotment option for 900K units.

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