other material
confidence high
sentiment neutral
materiality 0.50
Columbus Acquisition extends deadline to June 22, 2026; issues $25k convertible notes to sponsor and target
Columbus Acquisition Corp/Cayman Islands
- Deposited $50,000 into trust to extend business combination deadline from May 22 to June 22, 2026.
- Sponsor Hercules Capital and target WISeSat.Space each contributed $25,000 of the extension fee.
- Issued $25,000 unsecured convertible promissory note to WISeSat.Space (Target Extension Note) on May 21, 2026.
- Issued $25,000 unsecured convertible promissory note to Sponsor on July 29, 2026 (Sponsor Extension Note).
- Notes bear no interest; convertible into private units at $10/unit or into shares at $5/share under certain conditions.