Columbus Acquisition Corp/Cayman Islands 8-K

What Happened

• Columbus Acquisition Corp (the Company) filed an 8-K announcing it has extended the deadline to complete its initial business combination from April 22, 2026 to May 22, 2026. The extension was effected by depositing $50,000 into the Company’s trust account on or about April 20, 2026, as required under the Company’s amended and restated charter.

Key Details

• The charter allows one‑month extensions up to January 22, 2027, each requiring a $50,000 deposit into the Trust Account.
• $50,000 total was deposited to secure the one‑month extension to May 22, 2026.
• Of that $50,000, $25,000 came from the Company’s working capital and $25,000 was paid by WISeSat.Space Corp. (the Target) under the Business Combination Agreement dated November 9, 2025.

Why It Matters

• The extension gives shareholders and deal parties one more month to complete the proposed business combination, reducing the near‑term risk of liquidation at the April 22 deadline.
• The payment split (half from the Company’s working capital, half from the Target) indicates both sponsor/company and target participation in funding the extension; the Company’s $25,000 use of working capital is a concrete cash outflow to note for investors.
• The Company can continue to extend monthly (through January 22, 2027) only by making further $50,000 deposits, so future timelines and funding decisions remain material to shareholders.