Columbus Acquisition Corp/Cayman Islands 8-K

What Happened
Columbus Acquisition Corp (COLA) filed a supplement to its December 31, 2025 definitive proxy statement to provide material U.S. federal income tax information for shareholders who may redeem public shares if the Charter Amendment Proposal is approved. The Extraordinary General Meeting is scheduled for January 16, 2026 at 9:00 a.m. ET (physical: Robinson & Cole LLP, 666 Third Avenue, 20th Floor, New York, NY; virtual dial-in +1 813-308-9980, access code 173547). The proposed charter amendment would extend the company’s deadline to complete a business combination to January 22, 2026 and allow up to twelve one‑month extensions (through January 22, 2027).

Key Details

• Definitive proxy originally filed: December 31, 2025; supplement filed via Form 8‑K on January 7, 2026.
• Extraordinary General Meeting: January 16, 2026 at 9:00 a.m. ET (no change to record date or proposals).
• Charter Amendment (if approved): extends business-combination deadline to Jan 22, 2026 and permits up to 12 one‑month extensions to Jan 22, 2027.
• Tax guidance covers U.S. and non‑U.S. holders, including: Section 302 sale vs. distribution treatment of redemptions, PFIC risks, potential information reporting and 24% backup withholding mechanics.

Why It Matters
For retail investors deciding whether to redeem shares, the supplement adds important tax details that could change the after‑tax outcome of a redemption. Depending on constructive ownership and other tests, a redemption may be taxed as a sale (capital gain/loss) or a dividend/distribution (ordinary income), and PFIC classification could trigger unfavorable tax and interest rules for U.S. holders. Non‑U.S. holders face different withholding and effectively‑connected income rules. Shareholders should review the full proxy supplement and consult their tax advisors before making redemption decisions.